Data Shows Middle Income Countries Driving Worldwide Crypto Adoption
Crypto adoption across the world has been accelerated in the last couple of years due to the multiple bull rallies. With the recent bear market, there has been a decline in the adoption rate, and it has leveled out in the last couple of months. However, there are some parts of the world where the […]
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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....
With crypto adoption advancing rapidly over the last year, the installation of new crypto ATMs worldwide has also followed this accelerated rate. The number of countries where crypto ATMs are available remains on the rise too. Over the course of 2021, a large number of ATMs were installed as more countries accepted them. This time around, the number of crypto ATMs in the world has hit a new high, indicating that adoption remains high. 39,000 Crypto ATMs Worldwide The rapid growth of crypto worldwide is embodied in the number of ATMs around the globe. This month, the space celebrated a new....
Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon. Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption. But undocumented migrants in western countries have been making use of these platforms to send money back home.According to an October report from the firm, peer-to-peer crypto trading volume, or P2P, across the Middle East and Northern Africa is roughly 15% what it was in late 2017....
It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption. From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments during the height of the COVID-19 pandemic. As a result, usage rates for digital payments platforms have....
Blockchain data platform Chainalysis has published its 2021 Cryptocurrency Adoption Index, which ranks 154 countries by crypto adoption. According to the firm, global crypto adoption has grown by over 2,300% since Q3 2019 and over 881% in the last year. New Global Cryptocurrency Adoption Index On Wednesday, Chainalysis published a preview of its 2021 Geography of Cryptocurrency report, which will be released in September. The report contains the “2021 Chainalysis Global Crypto Adoption Index,” the company’s second iteration “to measure grassroots cryptocurrency....