The report Crypto Trends in Mexico 2020/2021 surveyed a total of 353 business representatives across Mexico.

A study published by the Ponemon Institute for Privacy Research found that 40% of Mexican companies surveyed want to implement blockchain and cryptocurrencies in one form or another. 71% of this segment focuses specifically on the use of cryptocurrencies.

The figures also showed that 51% of these companies intend to implement blockchain for asset management and transaction processing, and 37% have expressed interest in implementing smart contracts. The study says that many of these companies may end up using blockchain to improve their security systems and ensure proper cryptocurrency operations.

While Mexico is not often seen as a major player in the blockchain globally, the country has an active and continuous role in adoption. In September, Mexico announced plans to implement a blockchain-based electronic voting system for some citizens abroad. The district aims to have this activated by the 2021 election cycle.

In August, Spain’s Cointelegraph reported that Mexican companies had raised more than $ 1.3 billion in the fintech sector. Part of this money went to developing blockchain technology in the country.

Source: CoinTelegraph