Worldwide adoption of cryptocurrency has skyrocketed by 880 percent over the past year, especially in Vietnam, India, Pakistan and other emerging economies, according to blockchain analytics firm Chinalysis.compared the countries’ cryptocurrency adoption based on three main parameters: on-chain retail value transferred, on-chain cryptocurrency value received, and peer-to-peer exchange trade volume between June 2020 and June 2021.
The circumstances that lead to the boom of cryptocurrency adoption depends on economic activities in emerging economies. It is no surprise that “regions with many emergent markets account for a huge portion of web traffic to P2P services websites.”
Source: Digital Coin News (digitalcoinnews.net)
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