The growing interest in cryptocurrencies on Chile as a result of the pandemic by Covid-19 has been reflected in a recent report released on October 23 by the analysis firm Coinforming.
“Crypto Interest Index” is the name of the report that shows that Chile has increased interest in cryptocurrencies as a result of the Covid-19 pandemic, ranking second with a score of 5.26, slightly behind Indonesia (5.76), which leads the report.
In recent years there has been a greater interest in cryptography since more than 35% of the southern population are carrying out digital transactions in cryptocurrencies.
The technology Blockchain and cryptocurrencies has had an impressive new growth in the country, and more and more users have decided to invest in Bitcoin; as highlighted by the Coinformant report.
As a result of the Covid-19 pandemic, Chile has adopted the innovation of using cryptocurrency platforms since one of the virtues of the system is to be decentralized, secure and that they are not controlled by any government or financial entity, for this reason users bet to this digitized system. The percentage of users using this system has increased considerably in recent years and is expected to increase in the years to come.
The country Latin American became a trend after the pandemic as it was able to promote the adoption of alternative means to physical payment, making use of the system Blockchain and digital tools; after the World Health Organization (WHO) decreed a radical quarantine, in order to avoid physical contact between people to reduce the risk of contagion.
On Chile Several platforms operate to offer the service of buying and selling cryptocurrencies, such as SurBtc, Chile Bitcoin and Trade Btc that are the most used by people when making digital transactions, highlights the report.
The Coinformant index uses a methodology based on the annual volume of searches in Google on keywords related to the crypto sector, the number of articles published online in each country about cryptocurrencies as well as the number of interactions these posts published in each country have had with the key terms of the ecosystem.
Finally, they take as a reference for the weighting of the index the% of the population that owns cryptocurrencies according to data from an external partner. As a result, The report has indicated that the top three countries with the best position in this report are Indonesia, Chile and Argentina, in that order.
It is not the first time that Chile has appeared at the top of the cryptocurrency-related rankings. On September 21, a report released by Sherlock Communications showed that 37% of Chilean respondents said they were “a little more interested” and that the other half would be “much more interested” due to the financial crisis suffered by locals, with respect to the adoption of cryptocurrencies.
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