According to Ripple, Latin America is a hotbed of opportunity for cryptocurrency companies

Smart and progressive regulation will lead to further successful regulation - leading to increased innovation and progress around cryptocurrencies in Latin America.

In this regard, the continent is experiencing a regulatory awakening, with countries like Brazil and El Salvador leading the way in terms of crypto legislation. Brazilian lawmakers have pledged to submit a single piece of legislation for digital assets to Congress in the coming months, and El Salvador adopted a bitcoin law last year to make bitcoin legal tender.

This scenario also includes a gradual exit from the U.S. dollar and the U.S. market, which now has significant implications in the region. Ripple concluded the following.

The possibility of isolation from financial volatility in other regions underscores one of the main reasons why achieving interoperability in Latin America and avoiding the de-risking trend in the U.S. is so important for Latin American economies.