💸Growth of cryptopayments observed in Brazilian 🇧🇷 online casinos

Morgan Ellis

💸Growth of cryptopayments observed in Brazilian 🇧🇷 online casinos

In the country, local payment methods dominate – primarily #PIX (with 153 million registered users, 92% of whom are individuals). However, cryptocurrency has long played an important role: Brazil ranks 9th in the cryptocurrency adoption index.

➡️ Among the reasons mentioned by the authors of the article in "Cryptonews" are the love for mobile phones: 1) Brazilians prefer to play on mobile phones 2) 69% of transactions are made on mobile devices. In this context, more adaptable payment solutions are needed, including encryption options.

➡️ According to the results of a recent survey by KTO, 8% of Brazilian players prefer to pay in online casinos using cryptocurrencies.

➡️ ...and no matter what the context of payments is, the dominance of PIX is a real thing. The system was launched in 2020 by the Central Bank of Brazil, and currently, according to data from the Brazilian Central Bank itself, in September 2023, the system processed 152.7 million transfers with a transaction volume of BRL 76.1 billion. It is likely that this figure has increased even more now, as the observed growth compared to August statistics was 7.2%.

In summary, dear ones, in Brazil, tudo está acontecendo (everything is happening)... Stay tuned❗️

#news #Brazil #crypto

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