Cryptocurrency adoption globally increased
Globally the adoption of cryptocurrency is increased by 880% in the last year as Vietnam, India, and Pakistan have become the quickest crypto adopters.
“Geography of Cryptocurrency,” the company’s 2021 Global Crypto Adoption Index, differentiated the countries’ cryptocurrency adoption based on three main parameters, on-chain retail value transferred, the on-chain crypto value received, and peer-to-peer(P2P).
The number one country on the overall index is Vietnam in the adoption of cryptocurrencies, And India(0.37), Pakistan (0.36), Ukraine (0.29), and Kenya (0.28) followed it.
Pakistan and India come in the top ten on the list.
Economies play a great role in the increase in the adoption of crypto.
The report wrote “Several countries in emerging markets, including Kenya, Nigeria, Vietnam, and Venezuela rank high on our index in large part because they have huge transaction volumes on peer-to-peer (P2P) platforms when adjusted for PPP per capita and internet-using population,”
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