Latin Americans are turning to crypto not for speculation, but to escape inflation, transfer funds abroad, and bypass strict financial systems. Decades of economic instability have eroded trust in traditional banks, pushing people towards digital alternatives.

Major firms such as Binance and Mercado Pago are expanding services to meet this demand.

Binance Pay now integrates with Brazil's Pix payment system, allowing seamless crypto-to-fiat transactions. Mercado Pago has applied for a digital banking licence in Argentina to offer more financial services, including crypto, within a regulated framework.

In countries like Argentina and Mexico, stablecoins support everyday transactions and remittances. Bitcoin use is growing across the region, especially where banking access is limited.

Banks are under pressure to evolve. Some, like Brazil's BTG Pactual, are launching their own blockchain tools. As demand surges, crypto continues reshaping Latin America's financial future.

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