PayBitoPro CEO: Global events drive Latin America’s crypto adoption.

The present global recession has increased the interest in cryptocurrencies and web3 worldwide. This scenario has also led to an ideal situation with the increase in crypto adoption across the continent of Latin America. Chief of PayBitoPro, Raj Chowdhury concedes the wide market potential of cryptocurrencies and is looking forward to creating an impact through its innovative solutions of crypto broker platforms and white label payment gateways.

The Crypto Awareness Post Global Pandemic of Covid-19

Cryptocurrency knowledge and awareness are high in the continent of South America. Brazil is one of the rising markets for upcoming Web3 projects. The worldwide COVID-19 pandemic has accelerated the mass adoption of digital payment gateways. Especially, around the world’s fifth largest nation along with Mexico and several other countries. El Salvador made history by dictating bitcoin as a legal tender in the country. Moreover, there are more than 2.9 million cryptocurrency holders in Venezuela a loner and the country looks forward to extricating from its present financial crisis by editing a national Petro cryptocurrency.

CEO Speaks

CEO of PaybitoPro, and blockchain maximalist Raj Chowdhury, quoted “Studies indicate Latin America, as a region, is unanimously bullish on crypto’s upcoming success. Blockchain-powered local crypto payment gateways will help in establishing trust and loyalty among citizens. Especially, those who have gotten used to failure in sustaining the economy.”

For effective marketing strategies, it is important to incorporate the local currency denomination worldwide. This will help to develop high end-user conversion rates. PayBitoPro is a crypto exchange platform with an asset listing of more than forty crypto assets and fiat currencies and is looking for a strategic business alliance with financial enterprises and institutional investors that are willing to invest and offer crypto services to the end-users.

“Digital transformation leads to empowerment. Venturing enterprises need to change their preconceived notions. Moreover, make UI designs focusing on improving the local user experience,” concluded Chowdhury. He has been leading the infrastructure upgradation of enforcement agencies and handling blockchain analytics and crypto investigations.

In Conclusion

The future success of crypto along with the fluctuating currency valuations powers the adoption of crypto in the Latin American markets. Enterprises and institutional investors that are willing to invade the region leverage assets and utilize the white-label crypto solutions. However, it is important to understand the market sentiments and demographics for sustained success. 

Source: https://finance.yahoo.com/news/global-events-rightly-aligned-mass-070000951.html