The volume of money transacted in Peru exceeds 42 million dollars. Almost 65% of the operations took place in Lima, the capital of the country.
The use of cryptocurrencies seems to take hold more and more in Peru. This situation can get deduced from the statistics for the first half of 2021 replicated by national media from an exchange source.
According to information revealed by the Peruvian media La República, the volume of transactions with crypto assets in Peru increased by 613% in the first six months of the year.
This volume of transactions got compared to the same period in 2020. According to the cited source, investments would surpass USD 42 million.
Of all the movements with cryptocurrencies that got registered in the country in that period, at least 64.7% of these movements happened in the city of Lima.
The total of the amounts operated in the capital of the South American country reached a sum of USD 27.5 million.
In addition, La República cited a study by the analytical company Chainalysis that highlighted that Peru is the fourth nation in Latin America among the top 20 countries with the highest adoption of crypto assets worldwide.
For this analysis, the exchange in question took into consideration the operations with the four cryptocurrencies available on its platform: bitcoin (BTC), ether (ETH), litecoin (LTC), and bitcoin cash (BCH).
However, another aspect to consider is that these results come from a statistic provided by a single exchange, but the results could be even higher.
No other exchange in that country has brought figures on the operations of its users in the year. However, other sources such as Statista.com placed Peru among the countries with the highest adoption in Latin America and the world.
Bitcoin, the Dominant Cryptocurrency in Peru
Another study highlighted that the most relevant cryptocurrency in Peru is bitcoin. At that time, the company’s country manager, Carlos Bernos, clarified that transactions reach a high peak of 20% every week.
This number received its confirmation in the report of the first semester. In this report, there are details of a high peak near 600% in at least six months.
Another analysis highlighted that transactions with bitcoin (BTC) in Peru increase an average of 20% weekly, with an unexpected upward trend that became noticeable in the framework of the presidential elections in that Latin American nation, whose first-round took effect on April 11.
The exchange developed the study between March 29 and April 18, just in the electoral period. Cryptocurrency purchase operations reached more than USD 5 million in the period that was the subject of study. Of these USD 5 million, more than USD 3 million corresponded to bitcoin.
The research, which took place between March and April 2021, highlighted that more than 60% of the USD 5 million that went through operations with cryptocurrencies corresponded to bitcoin.
By: Jenson Nuñez
