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Another alternative emerges to send and receive remittances with bitcoin, USDT and other digital assets.
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“Colombia is the most dynamic cryptocurrency market in Latam,” said Mark Greenberg of Kraken.
Cryptocurrency exchange Kraken activated support for the Colombian peso (COP), allowing local users to trade without having to purchase dollars first or use international transfers. The announcement comes in a context of accelerated growth in the adoption of stablecoins in the country.
Users of bitcoin, tether (USDT) and other digital assets in Colombia can now deposit and withdraw funds directly in pesoswith automatic conversion to US dollars within the platform.
This functionality seeks to reduce costs and frictions for new investors, aligning with a Kraken regional strategy that already includes Argentina and Mexico, as reported by the company in a statement sent to NoticiasVE email.
“Colombia is one of the most dynamic cryptocurrency markets in Latin America, with a digitally active population and growing interest in decentralized financial tools,” said Mark Greenberg, global head of consumer at Kraken.
Kraken’s local support for deposits and withdrawals in Colombian pesos does not seem like a simple addition, but rather a calculated move in a market where las stablecoins They are doubling down on adoption.
According to a recent publication by NoticiasVE, the current volume of transactions in stablecoins exceeds 20 million dollars per company on average in Colombia. Furthermore, it projects that this volume will multiply by more than four by 2027, driven by the use of wallets, savings and sending remittances with crypto assets.
«This volume not only shows that payment fintechs are now ready to incorporate stablecoins into the country’s infrastructure, but also projects a future of strong expansion,» highlights the research. The Colombian fintech sector, with 677 active companies, estimates revenues of more than $3.5 billion by the end of 2025.
As local fintechs accelerate the integration of USDC and USDT, and cryptocurrency and digital payments laws are modernized, it is clear from the board that whoever offers the fastest, cheapest and most secure ramp will capture the most user attention in the next wave of adoption.