The post XRP Leads Crypto Shopping List For Latin America Ahead Of ETH, SOL—Report appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure New statistics released by crypto platform Bitso shows that XRP, as a payment option, is gaining traction with Latin American consumers. XRP currently accounts for 9% of all purchases on the platform and is gaining on much older crypto options like Ethereum and Solana. This marks a huge turnaround from 2023 when the token barely registered in an average customer portfolio in Latin America. Mexican Users Drive XRP Adoption Throughout The Region Interest in XRP among the Latin American nations was propelled by Mexican cryptocurrency traders. In Bitso’s report, Mexican users applied 10% of all cryptocurrency buying activity towards stocking up on XRP. This pattern occurred as total platform activity slowed, but XRP buying increased significantly against other cryptocurrencies. Mexican popularity of XRP is noteworthy because Bitso processed substantial volumes of cross-border payments there. According to their reported volumes, Ripple processed $3.3 billion in remittances through their channel with Bitso in 2022 from the United States into Mexico. Source: Bitso Portfolio Composition Reflects Drastic Spike In XRP Holdings In such a context, the report by Bitso brings out the most impressive discovery: the pace with which XRP came to the portfolios of Latin American cryptos. As of 2023, XRP was non-existent in the typical portfolio composition of Latin American Bitso clients. In 2024, that number had risen to 13%, reflecting a seismic change in local investment patterns. Source: Bitso This rapid adoption means portfolios of users in the region now include a significant XRP component, despite the token not registering in portfolio stats just a year earlier. The change signals growing confidence in XRP among Latin American cryptocurrency investors. Bitcoin And Stablecoins Still Dominate Trading Activity Though XRP demonstrated impressive growth, Bitcoin and stablecoins are still the…

---

Filed under: News - @ April 20, 2025 1:02 pm