61.2%

of Mexicans prefer to use bitcoins for their online purchases and investments, according to a study called “ Cryptometer MX18 .”

The document, which was elaborated for the first time by the research firm Psyma, pointed out that 47.4% of users was suspicious about cryptocurrencies, fearing potential fraud or money losses due to sudden devaluations.

Based on interviews with 400 digital platforms users between the months of May and June of the present year, Mexicans showed a high level of expertise in the subject of digital money, specially regarding bitcoins, a currency that is currently leading the digital financial market.

Furthermore, 26.5% of interviewees claimed to have purchased and used cryptocurrencies for online shopping, investment, and service payments.

Pablo González, director of the leading platform for cryptocurrency exchange in Mexico, Bitso

, stated that the North American country was the second largest buyer of cryptocurrencies in Latin America after Brazil .

On the subject of risks and potential fraud, González commented that the purchase of cryptocurrencies remains highly volatile and constitutes a risky investment.

However, cryptocurrency technology has a very high potential in Latin America , and a sharp increase in the use of this type of asset in the region is expected.

The study shows that 46.1% of Mexicans that have never bought cryptocurrencies showed an interest in acquiring some type of virtual currency in the next six months.

According to the Cryptometer MX18 , the bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple are the five best known cryptocurrencies among Mexican users; however, the research firm pointed out that there is still a lot to be done with regard to financial education. People must learn about the benefits of this type of technology so they may overcome their fear.

According to Jorge Gutiérrez, director of Fiinlab , the cryptocurrency market is an alternative way to accelerate financial inclusion.

Regarding the attack perpetrated against the Bitso platform a few weeks ago, González stated that the company had declared it a case closed, with no credit losses for the firm and its users.

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