I recalled before 2017 I read the percentage of the world population interacting with crypto was around a low percentage that could be inaccurate due to the way humans access the internet. It is hard to find the right number from individuals. One person could use at one moment three pc to mine. Still so hard the white hat hacker is still anonymous. Adoption for crypto always seems to find new ground every year. This year alone over 800% seems reasonable if you take into account the first quarter of 2021. It was not so bad for crypto at all.
Looking at the list, three Asian countries top the list. I guess they witness the transformation crypto brings to them and they jumped in quick. Asia has been the center for technology for a while. So many of them are technology savvy. Africa carries itself quite well with six countries. The penetration is quite fantastic in Africa. Owning a phone is like owning your own bank. I guess they understand this mannerism and will change the lives of many in the region.
South America has five on the list. By 2022 more will grab the headlines and this continent will be crypto enthusiast quick. The ramifications with this list has to do with countries nearby. People are using heavily VPN to deal with crypto. It could be hard to find the location of everyone. For some reason, I do not see an European country in the top 10. Another sign this is an emerging factor to be there. It could be this part of the world is holding crypto. They are not transacting much like other places.
Every countries on the list are really deep with crypto while the ones below top 10 are ramping to get there. This phenomena allows anyone to find ways to deal with their problem. While banks offer a great service in most develop place, crypto offers the undeniable service where everything is hard to reach and get. Banks have to embrace crypto otherwise the demise is about to begin.
While some cryptos will take place of assets, stable coins will help to push the transactions that will catapult crypto to the stars. I tend to hold these days, I will not help this list. You can see many places in this list, these folks really use crypto for daily needs. Some countries on the list need crypto in order to purchase goods. Some of them may have difficulty to get the right amount at the banks and get crypto fix the issue. They think by doing so they are fixing the inflation issue.
Fiat currency problem is attached to a country where crypto is attached to the end user. Less manipulation and better access to move the market. The year is not over yet, this adoption is far from over. Dogecoin alone has contributed to this rise in the US. At least everyone has a Robinhood account with $100 dollar sitting there with Doge. They do not even know how to use it. Hopefully many countries need to follow El Salvador and teach the nation how to use crypto. Crypto itself will bring other innovations to the world. This is how its works since humans always find ways to fix issues.
Crypto use case has found meaning through defi where holding your tokens in platforms bring interest. Most of the countries in top of the list will continue to grow. The population really needs crypto to survive. They will continue to do so. I am waiting to see South America next calendar year. Having crypto in parallel will ease the pressure the dollar exposes to their currency. Less fees when using crypto and more funds in the pocket of the users. It is a win win for everyone giving crypto a shot. Hope by having crypto around these countries can bring production.
Abundance is on the making these days.
You and I holding crypto, we should be in a good place when the whole world embraces the idea transcend by digital currency through a blockchain.
