Chile becomes one of the countries with the highest interest in cryptocurrencies

The growing interest in cryptocurrencies in Chile in the wake of the Covid-19 pandemic is reflected in a recently published report by the analysis company Coinformant on October 23.

â ???? Crypto Interest Rate Index is the name of the report, which shows that Chile has increased interest in cryptocurrencies as a result of the Covid-19 pandemic and takes second place with a score of 5.26. just behind Indonesia (5.76), which leads the report.

In recent years, interest in cryptography has increased as more than 35% of the southern population conduct digital transactions in cryptocurrencies.

Chile becomes one of the countries with the highest interest in cryptocurrencies
Chile becomes one of the countries with the highest interest in cryptocurrencies

Blockchain technology and cryptocurrencies have seen impressive new growth in the country, and more and more users have chosen to invest in Bitcoin; according to the Coinformant report.

In the wake of the Covid-19 pandemic, Chile has taken on the innovation of using cryptocurrency platforms as one of the virtues of the system is that it is decentralized and secure and that, for this reason, they are not controlled by any government or financial agency that they bet on digitized System. The percentage of users using this system has increased significantly over these years and is expected to increase in the years to come.

The Latin American country became a trend after the pandemic as it was able to encourage the adoption of alternative means to physical payment by using the blockchain system and digital tools. after the World Health Organization (WHO) ordered a radical quarantine to avoid physical contact between people and to reduce the risk of infection.

In Chile, several platforms offer the service to buy and sell cryptocurrencies, such as SurBtc, Chile Bitcoin, and Trade Btc, which are the most widely used by people when conducting digital transactions, the report highlights.

The Coinformant Index uses a methodology based on the annual volume of searches on Google for keywords related to the crypto sector, the number of cryptocurrency articles published online in each country, and the number of interactions with those key terms of the ecosystem .

Finally, as a reference for the weighting of the index, they take the percentage of the population that owns cryptocurrencies according to data from an external partner. As a result, The report shows that the top three countries in this report are Indonesia, Chile and Argentina, in that order.

It’s not the first time Chile has topped the cryptocurrency-related rankings. On September 21, a report released by Sherlock Communications showed that 37% of Chilean respondents said they were “a little more interested”. and that the other half would be “much more interested”? due to the local financial crisis regarding the introduction of cryptocurrencies.

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