With new information coming to light about the FTX saga every day, it’s certainly an interesting time for cryptocurrency. Just ask our TechCrunch colleagues at TC Sessions: Crypto today.
As we figure out if any of this has damaged trust in the industry and funding for startups,
adoption of crypto in Latin America continues to grow — Chainalysis puts the adoption growth number at 40%. In addition, the region represents “a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption.”
Even venture capitalists believe Latin America’s thirst for crypto. For example, former Binance executives created a fund earlier this year to pump $100 million into this region and others. VCs even believe this might be one of the regions that could stay red hot despite a crypto winter.
That’s a good indication as to why we continue to see investment going into Latin America-focused startups offering a crypto feature.
Today, Colombia-based Zulu, a digital …
