Report: The number of people using cryptocurrency to transfer money to Latin America has increased by nearly 40%

According to News.bitcoin, a recent report released by Chainalysis and AUSTRAC shows that cryptocurrency remittance channels in Latin America are thriving, with the number of people using cryptocurrency to transfer money to the region increasing by nearly 40%. The report points out that cryptocurrency ATM machines can reduce intermediary links, allowing users who are not very proficient in currency to make remittances through physical interaction, and with stablecoins becoming mainstream, there is still potential for further growth in the future. There are over 38000 cryptocurrency ATMs worldwide, with the United States having over 30000. According to Coin ATM Radar data, Mexico, Puerto Rico, Panama, Colombia, and Argentina are the countries with the highest number of cryptocurrency ATMs in the region, but do not include El Salvador, which has over 200 ATMs.