Cryptocurrencies were an unlikely payment method in hospitality in Latin America in 2024, with all countries displaying similar results. This is according to a survey conducted in seven countries across the region. No substantial differences existed between countries. Cryptocurrency usage for hospitality purposes averaged around one percent across all surveyed nations, except for Argentina.
Share of consumers in selected countries in Latin America who used cryptocurrency to pay for hospitality in 2024
Argentina, Brazil, Chile, Colombia, Ecuador, Central and South America, Mexico, Peru
Survey time period
May to June 2024
Number of respondents
5,091 respondents
Age group
18 years and older
Special properties
Consumers
Method of interview
Online survey
Supplementary notes
The source phrased the question as follows: "Which of the following payment methods have you used in the past month when making payments online for each of the following? For hospitality"
The results have been weighted to represent the entire population.
The source did not survey respondents from the Asia-Pacific region, the Middle East, or Africa.
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Paysafe Group. (August 12, 2024). Share of consumers in selected countries in Latin America who used cryptocurrency to pay for hospitality in 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1537865/crypto-use-for-hospitality-in-latin-america/
Paysafe Group. "Share of consumers in selected countries in Latin America who used cryptocurrency to pay for hospitality in 2024." Chart. August 12, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1537865/crypto-use-for-hospitality-in-latin-america/
Paysafe Group. (2024). Share of consumers in selected countries in Latin America who used cryptocurrency to pay for hospitality in 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1537865/crypto-use-for-hospitality-in-latin-america/
Paysafe Group. "Share of Consumers in Selected Countries in Latin America Who Used Cryptocurrency to Pay for Hospitality in 2024." Statista, Statista Inc., 12 Aug 2024, https://www.statista.com/statistics/1537865/crypto-use-for-hospitality-in-latin-america/
Paysafe Group, Share of consumers in selected countries in Latin America who used cryptocurrency to pay for hospitality in 2024 Statista, https://www.statista.com/statistics/1537865/crypto-use-for-hospitality-in-latin-america/ (last visited December 22, 2024)
Share of consumers in selected countries in Latin America who used cryptocurrency to pay for hospitality in 2024 [Graph], Paysafe Group, August 12, 2024. [Online]. Available: https://www.statista.com/statistics/1537865/crypto-use-for-hospitality-in-latin-america/
