Latin America remains one of the most financially excluded regions globally, with the second-highest proportion of unbanked adults, driven by structural barriers such as documentation requirements, physical inaccessibility, and high transaction costs—despite the region’s growing engagement with digital assets.

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Latin America, a region that has the second-highest proportion of unbanked adults. The region also received nearly $415 billion worth of crypto in a one calendar year until June 2024, according to Chainalysis
But access is still a major issue. Latin America has one of the highest numbers of adults without access to traditional banking. Many people can’t open accounts or send money due to paperwork requirements, distance, or high fees. That’s where stablecoins and platforms like Orionx come in.
Despite this progress in the digital asset space, LATAM still has the world’s second-highest proportion of unbanked adults. A significant share of the population remains underbanked or excluded from traditional financial services due to strict documentation requirements, limited access to financial institutions, distance, and high transaction fees