Country That Uses Cryptocurrency
One Country Stands Out Above All the Rest Africas largest economy is the king of cryptocurrency. The second and third highest rates of cryptocurrency use in the survey were recorded in Vietnam and the Philippines respectively.
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Get in touch with us now Feb 11 2021 Consumers from countries in Africa Asia and South America were most likely to be an owner of cryptocurrencies such as Bitcoin in 2020.
Country that uses cryptocurrency. In Nigeria 32 of respondents nearly 1 in 3 report having used or owned one type of crypto or another in 2020. As such were increasingly seeing bitcoin and crypto used as a hedge against political and economic instability in countries like Argentina Turkey and Venezuela Indeed a survey from Germany-based data analytics company Statista found that Turkey has the highest number of individuals who had owned or used cryptocurrency at some point in their lifetime. It is supposed that around 30 of the total volume of operations carried out with cryptocurrencies comes from South Korea.
The worlds top 10 crypto countries according to the Statista data are. South Korea is one of the most important cryptocurrency markets in the world along with Japan and the United States. By comparison just 6 of Americans reported the same.
The association of cryptocurrency with illegal activities like money laundering drug financing and terrorist trade despite having much greater utility than that means that governments will be wary of endorsing BitcoinHowever countries are slowly coming up with official state-sanctioned cryptocurrencies such as Venezuelas PetroA dynamic relationship between a states fiat. Again remittance payments play a role in the widespread use of cryptocurrency. Citizens in Brazil having a high interest in crypto is not something to overlook either.
Brazil is the fifth largest country in the world and one of the richest in Latin America.
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