Annual crypto adoption development in Peru 2020-2023, by metric
Crypto adoption in Peru was substantially lower than elsewhere in the world or in other countries in South America. This is according to estimates based on web traffic toward individual websites that are used to perform cryptocurrency transactions. Peru's ranking in the world declined as time went by, initially focusing on P2P exchanges as its main use for cryptocurrencies. The use of P2P is likely connected to remittances - or the sending of money back home from people working abroad - although countries such as Colombia receive millions worth of remittances each year.
