RATE Group | What are the cryptocurrency habits in Colombia? 
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What are the cryptocurrency habits in Colombia? 

30 Sep What are the cryptocurrency habits in Colombia? 

Posted at 01:07h in Cryptocurrency News by

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Cryptocurrency in Colombia is positively thriving. The overwhelming majority of the population is familiar with Bitcoin and other crypto-assets.

The country now boasts a highly tech-savvy generation who are constantly on the lookout for new growth opportunities.

According to a survey by Bitcoin trading platform Paxful, 80% of Colombians are open to investing in cryptocurrency. Many young people are already used to trading digital coins. In fact, almost half of the people surveyed between 25 and 40 years old own cryptocurrencies or plan to buy some soon.

In 2019, Paxful alone has seen over $1 million in transactions from Colombian users.

Cryptocurrency in Colombia is popular

Many cryptocurrencies in South America are thriving as people look for alternative ways to counter inflation. This isn’t necessarily the case in Colombia however, since the inflation rate has been pretty stable this year. After surpassing the 7% milestone in 2016, the inflation rate has since come back down…

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