Argentina Tops List of Countries with Greatest Bitcoin Adoption Potential
Argentina has the greatest potential for Bitcoin adoption in the world. According to the Bitcoin Market Potential Index (BMPI), Argentina tops the list of ten countries with the highest relative potential for Bitcoin adoption followed by Venezuela, Zimbabwe, Malawi and the United States. China ranks only 27th in this survey conducted by the London School of Economics. Index for investors. The survey is the first attempt at assembling a new data set to rank the potential utility of Bitcoin across 178 countries. In effect, it has confirmed that not much has changed since the first ranking....
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Can bitcoin conquer Argentina? It's a question that is being given increasing validity by major media outlets like The New York Times and The Economist, and it's easy to see why. Numerical and anecdotal evidence suggest that if bitcoin will prove popular as a currency anywhere, it should in Argentina. According to the Bitcoin Market Potential Index (BMPI), which ranks bitcoin's potential utility across 177 countries, Argentina is the most likely country to adopt the digital currency. It's economy is one of the most problematic globally, boasting annual inflation of approximately 35%. In....
Which markets have the greatest potential for bitcoin adoption? With over $250m of venture capital invested in bitcoin startups to date, much is at stake in understanding which markets will prove most fertile for bitcoin. In addition, many governments and regulatory agencies are seeking to better understand the economic opportunities presented by bitcoin along with the perceived risks. The new Bitcoin Market Potential Index (BMPI) is the first attempt at providing a rigorous answer to the above question, assembling a new data set to rank the potential utility of bitcoin across 177....
When it comes to cryptocurrency, the South American country Argentina from crypto adoption to regulations, has a long list of hot topics. As well as, according to a recent news report by local media, the tax office in Argentina has confiscated more than 1,200 cryptocurrency wallets that were connected to delinquent taxpayers. The laws and […]
Lower-middle income countries hold a majority of the positions in the top 20 countries in terms of crypto adoption. While global adoption slowed down because of the chilling winds brought about by the crypto winter, emerging markets seem to be on fire in terms of crypto adoption as they surpass higher-income countries in an index that measures adoption. In a report titled The 2022 Global Crypto Adoption Index, blockchain data platform Chainalysis analyzed the millions of crypto transactions worldwide, web traffic and other on-chain metrics to determine which countries are on top in terms....
Mt. Gox customers in Latin America will be able to deposit money from local bank accounts much faster, after the exchange announced a partnership deal with popular payment processor AstroPay. The partnership enables users in Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay to arrange deposits in US dollars to their Mt. Gox accounts. In turn, users can trade their funds for bitcoins within one (Japanese) business day. Mt. Gox announced the deal at the Latin American Bitcoin Conference, held in Buenos Aires last week. Customers in these countries can now select AstroPay as a....