Nigeria and South East Asia led global crypto adoption in 2020
Statista has found that one-in-three Nigerians held or used crypto assets during 2020. Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020.According to the survey, the pre-existing prevalence of mobile phone based peer-to-peer payments has led many Nigerians to explore cryptocurrency. Statista noted that many Nigeria responded they had recently installed crypto payment applications on their devices.The....
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There has been tremendous potential for bitcoin growth these days, especially since the underlying blockchain technology has also been under the spotlight. For venture capitalist John Kim, there are still plenty of untapped opportunities for bitcoin growth in South East Asia. Kim shared his thoughts on the potential for bitcoin companies to thrive in the region during his presentation at the Coin Congress conference. He was joined by other speakers such as Brock Pierce, an advisor for Coin Congress. Bitcoin Growth in Asia. Kim pointed out that South East Asia is home to 618 million people,....
It probably came as little surprise last year when crypto intelligence firm Chainalysis declared East Asia the worlds largest cryptocurrency market, accounting for 31% of all cryptocurrency transacted during the previous 12 months. The region has a broad base of retail users along with a solid foundation of crypto traders and institutions, and China alone was at the time mining around two-thirds of all the Bitcoin in the world.In July 2021, Fidelity Digital Assets surveyed 1,100 institutional investors in the United States (408), Europe (393) and Asia (299) between December 2, 2020 and....
The wallet service and browser extension has seen its active monthly users grow five times since October 2020. MetaMask, the Ethereum (ETH) wallet service and browser extension, has recorded 5 million monthly active users for the first time — marking a major milestone in the growth of decentralized applications. The rise in growth came just six months after MetaMask registered its first cumulative 1 million active users. Since October 2020, the service platform has grown five times, highlighting the continued strength of the cryptocurrency bull market. The following chart, courtesy of....
Singapore-based Payment Solutions Provider CoinPip has teamed up with 37Coins to bring an SMS wallet to the region. CoinPip is excited to offer the opportunity for consumers to pay in bitcoin from absolutely any mobile device with SMS functionality. The company has gained attention with their BOOST events, promoting Bitcoin throughout the region in an intimate setting with a hands-on and educational approach. They saw a real need to rapidly integrate this service for their users on Apple devices or with dumb phones. Co-founder of CoinPip, Anson Zeall, is planning to expand to Hong Kong and....
In Southeast Asia, Bitcoin is gaining traction as a genuine store of value as investors in the region are viewing the digital currency as an attractive investment opportunity. Among the Bitcoin companies located there, Luno (formerly BitX) and Bitcoin Indonesia have watched this growth with interest. Headquartered in Singapore, Luno allows customers to buy, sell and store the digital currency. It operates in several countries around the world including the U.K., South Africa and Nigeria. In Southeast Asia, Luno has operations in Malaysia, one of its largest markets, as well as in....