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Latin Times
Latin Times
Technology
Rocío Magnani

Bitcoin in the U.S., Latinos Drawn to Crypto as an Alternative 'Pathway to Wealth Building'

Bitcoin rates (Credit: Unsplash.com/CardMapr.nl)

"There is a big disparity in the levels of financial access among Latinos in the U.S. and the general market. As you look at every financial product vertical, whether that is loans, insurance, credit card, bank accounts, the adoption rates are very different," says Carlos Hernández, founder of Crediverso, when explaining the demographic's growing interest in crypto.

In the U.S., Latinos emerge as the most interested demographic in cryptocurrency, and, according to Hernández, the appeal of Bitcoin can be explained because it serves as one of the ways the Hispanic community has found as "a pathway to wealth building outside of the traditional financial ecosystem."

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