Migrants who are unbanked in their host country in Latin America due to lack of residence permits and other irregularities have found in cryptocurrencies a way to send remittances to their loved ones without restrictions.

An ally in the region is the CryptoMKT platform, which, like most others, offers the possibility of registration simply with an ID and email address.

Through this tool, migrants have access to Bitcoin, Ethereum, or stablecoins like USDT. “In addition, the platform offers simplified verification, video tutorials, and personalized support.”

Hundreds of people in this situation in Latin America can send money to their home country, paying low fees, quickly and securely.

M.Pino

Source: diariobitcoin

(Reference image source: Shubham Dhage on Unsplash)

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La entrada Cryptocurrencies are the option for migrant remittances apareció primero en Bitfinance.

Stablecoins represent 90 % of cryptocurrency transactions in Brazil, becoming the preferred payment tool for those seeking speed and security amid the volatility of the traditional market.

This statement was recently made by Denise Cinelli, COO of CryptoMKT, emphasizing that currently, “9 out of 10 crypto transactions in Brazil are made with stablecoins, consolidating them as the preferred option for payments, investments, and protection against volatility.”

With this trend, Brazil is among the largest stablecoin markets in the world, “driven by the search for digital assets that maintain stability and security in a changing economic environment” by offering individuals and businesses trading in the cryptocurrencies USDT (Tether), USDC (USD Coin), and DAI.

Stablecoin transactions in Brazil are a way out of the inflation and volatility of the real, the local currency. Furthermore, it facilitates remittances and digital payments, in addition to allowing access to financial services for managing money.

M.Pino

Source: diariobitcoin

(Reference image source: Ewan Kennedy on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Cryptocurrency transactions in Brazil are made with stablecoins apareció primero en Bitfinance.