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Permalink to Study Ranks Most Popular Cryptos in Mexico: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple

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The results of the first study on cryptocurrencies conducted in Mexico have been released. The study ranks the most popular digital assets according to 1,416 mobile phone users. Bitcoin led as the best known, followed by Bitcoin Cash.

After Brazil, Mexico is the second largest buyer of cryptocurrencies in Latin America.

Highlights from the study

The most recognized cryptocurrencies

Percentage of participants who have purchased or used cryptocurrencies at some time

How people are using their cryptocurrencies

Of the people who have purchased crypto, percentage who bought

Of the people who have purchased crypto, percentage who are hodling

Percentage of participants who currently don’t own or have never owned crypto but who would like to acquire Bitcoin or other cryptocurrencies in the next 6 months

Of those who are not interested in crypto,

Most popular apps for buying cryptocurrencies

Hoy se lanzó el #CriptómetroMx18 en los HQ de Fiinlab. Un estudio profundo sobre penetración y conocimiento de #Criptomonedas, en colaboración con @Bitso, Psyma y @WisumAPP . Interesantes insights, avances, pero mucha tarea por delante. ¡Conoce los insights más relevantes! pic.twitter.com/krgCQfRzmP — Fiinlab (@Fiinlab) August 7, 2018

The study, called MX18 Cryptometer, was conducted between May 22 and June 5, 2018 by research firm Psyma in collaboration with Fiinlab, the innovation laboratory of Gentera; Wisum, a direct survey platform for mobile phone users; and Bitso, Mexico’s largest Bitcoin exchange.

Eighty percent of the participants were under the age of 40; 62.2% men and 37.8% women; 33.2% from Mexico City and the State of Mexico; 29.9% from other states; 21.5% from Jalisco and 15.4% from Nuevo León.

The purpose of the study is to increase general knowledge of Bitcoin and to generate more insight on how cryptocurrencies are providing a path to financial inclusion and a bridge to the new digital economy.

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