Industry Report: Asia Continues to Dominate in Bitcoin and Beyond
Sales in China grow as Asia dominates ecommerce, a new form of malware finds its way onto Mac computers, and you’d better not visit a blocked site in India. Want to catch up on your latest digital currency news? Check out the stories below. DOMINANCE IN ASIA. CHINA. Thanks to a massive increase in Asia’s online shopping community, China is now set to become the world’s largest ecommerce retail market with nearly $5 trillion in sales, a number that’s slated to double by the year 2020. The U.S. ultimately falls into the number two category, a first for the western nation. Forecasting....
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The emerging fintech and cryptocurrency industry in Asia received a major portion of total VC funds during the thrid quarter of 2016. Asia is an emerging economic power, thanks to the growth of some of the major countries in the continent. Staying true to its economic progress, the continent is also turning out to be an attractive market for the fintech industry. According to a recent report published by KPMG – one of the “big four” audit firms in the world, the Asian continent was the largest recipient of venture capital in the fintech and cryptocurrency technology sector during the third....
The next eight years could see the blockchain marketplace grow to almost $8bn in value, according to a new research report. The report, prepared by Grand View Research, points to a combination of industry investments, enterprise interest in blockchain solutions and growing use of digital currencies among consumers as the lead driver of expected growth. Overall, the market could be as valuable as $7.74bn by 2024, the firm estimated. As for where geographically that growth is anticipated to take place, Grand View suggests that most is going to emerge from financial sectors in the both the....
The ways that bitcoin is used all over Asia varies depending on several factors such as market demand, government restrictions, and culture. According to the region's prominent bitcoin companies, there are three major uses of the cryptocurrency in Asia: investment, remittance, and currency. Using the crowdsourced feedback from Ron Hose from Coins.ph, Mario Gomez Lozada from Quoine, Aurélien Menant from Gatecoin, Danyal Manzar from Urdubit, and Saurabh Agrawal from Zebpay, Tech in Asia mapped out these primary uses in each country. Functions of Bitcoin in Asia. The first major usage of....
Billed as "The Future of Payments, Innovation, Disruption, Collaboration," Cards and Payments, Asia 2015 will give payment professionals a chance to hear different perspectives on bitcoin and digital currency. The show, April 22 and 23 at the Suntec Convention Centre, Singapore, aims to help payment industry decision makers figure out which solutions are most likely to dominate commerce. Organizers expect 8,000 attendees will visit exhibits and hear more than 200 speakers at 120 sessions. Erik Wilgenhof, chief compliance officer of ItBit, the Singapore-based bitcoin exchange, will speak on....
Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem from Asia. Asia’s Financial Landscape Is Ripe for Disruption When it comes to cryptocurrencies, Asia accounts for a huge number of crypto users, companies, miners, traders, and more. The....