Latin America has become one of the regions to the highest growth potential for the use of cryptocurrencies. In particular, stablecoins like USDT, Bitcoin and Ethereum dominate their daily use, whether to invest, save or send money. However, one of the major challenges to achieve broader adoption remains low financial inclusion in many countries, where cash continues to reign.
In summary
- Shipments of funds to Latin America exceeded 160.9 billion dollars in 2024, representing up to 26 % of GDP in countries like El Salvador and Guatemala.
- Stablecoins like USDT and USDC gain land as an alternative to cash, stimulated by inflation, shipping costs and mobile adoption in the region.
- Key flows such as United States-Mexico, Mexico-Central AMERIC and Colombia-VENEZUELA are consolidated, where cryptocurrencies are already showing a direct impact in thousands of households.
Persistent inflation in countries like Argentina and Venezuela, as well as recent pricing policies promoted by Donald Trump who have complicated regional trade, have created a fertile land for cryptographic growth. But beyond these factors, a flow continues to make the difference in millions of households: funding of funds?
The power of funding in Latin America
According to BBVA Research datain 2024, funding in Latin America and the Caribbean represented 2.3 % of the regional gross domestic product (GDP), reaching 160.9 billion dollars. In countries like El Salvador, Guatemala, Nicaragua and Honduras, this percentage reached up to 26 %, sending funds one of the most important economic pillars, even in front of sectors such as tourism or agriculture.
For many families, funds are not only an additional income: they are the basis to cover the essential needs and a direct link between those who emigrate and those who remain. In many cases, they represent the only stable income.
More than money crossing borders, funding is an economic infrastructure in motion. And it is precisely in this movement that cryptocurrencies, especially stablecoins, can make the difference. They reduce costs, accelerate shipments and facilitate access to financial services in areas where cash dominates.
Funds today: an expensive and slow system that must be transformed
Although millions of people depend on it, the traditional system for sending funds remains slow, expensive and ineffective. Sending money can cost up to $ 65 of commissions and take 6 to 48 hours depending on the method used. For those who send low amounts, these costs are too high.
In addition, many beneficiaries still have to go to physical withdrawal points and face complications such as the lack of infrastructure in rural communities. The predominant use of liquid money limits the possibility that the sending of funds have a real impact on local economic development.
On the other hand, cryptocurrencies allow you to send money in an almost immediate, secure manner and with minimum commissions. Today there are platforms allowing transfers from 1 dollar without banking intermediaries or queues in agency.
Companies like Bitso, Strike, Koibanx and Coinbase already successfully operate in the region, offering 100% digital experiences. These solutions represent not only a saving of time and money, but also a gateway to a more accessible and decentralized financial system.
Four strategic flows between countries in Latin America
In the region, there are certain important flows of money, driven by various economic, social and migration conditions. These cases show where cryptocurrencies can have a real and immediate impact.
Mexico: Epicenter of funds and Crypto adoption
Mexico is the second country receiving country in the world, after India. According to the Bank of Mexicoit exceeded $ 64 billion in 2024 and the upward trend is expected. This volume reflects both the magnitude of migration and the country's potential to deploy innovative solutions such as crypto funds.
Platforms like Bitso, which has managed more than 10 % of funds between the United States and Mexico, as well as Binance, are already used to send money with stablecoins like the USDC. This significantly reduces costs and deadlines.
In addition, the strong penetration of smartphones – more than 81 % – in Mexico facilitates access to these digital solutions Without depending on the funding services or banks.
Mexico to Central America, a growing flow
Another important flow is that from Mexico to Guatemala, Honduras and El Salvador. In recent years, thousands of migrants have arrived with the intention of crossing in the United States, but many end up staying in Mexico, generating a new regional fundraising scheme.
El Salvador has also become a global laboratory by legalizing Bitcoin. Although the results are mixed, the country remains a key experimentation ground to understand the use of cryptocurrencies in funding.
Argentina and Venezuela: Crypto adoption driven by the economy
In Argentina and Venezuela, cryptocurrencies are used both for funding and managing everyday money. Faced with unstable local currencies, many people prefer to use USDT, DAI or Bitcoin to save, receive wages and make payments.
In Argentina, which experienced annual inflation more than 200 % in 2024, the use of cryptos exploded. The government even announced that it would begin to regulate portfolios from July 2025.
In Venezuela, the collapse of the Bolivar pushed thousands of people to adopt crypto as a daily solution. Many receive payments in digital dollars from foreign companies for their daily use and payment of wages. Platforms like Binance, Peer-to-Peer networks and Telegram Bots allow a more functional and stable economy.
According to the report The State of Latam Crypto Markets From Kaiko, the volume of exchanges in Argentinian pesos believed more than 400 % in 2024, carried by inflation and devaluation. Likewise, in Venezuela, the stablecoins already represent a considerable part of the retail transactions.
Why shipments are a key to the financial transformation of Latin America
Shipments of funds are not only money transfers; They are a real economic basis for millions of families in the region. Combined with cryptographic solutions, they can completely transform the way in which money circulates in Latin America.
The use of stablecoins and blockchain platforms can reduce costs, accelerate shipments and generate new opportunities in communities that do not have access to financial services today. But for this potential to be achieved, a collective effort is necessary: intelligent regulation on the part of governments, user -centered solutions proposed by companies, and the opening of communities to new ways to operate.
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