The United States is making up a bigger chunk of the cryptocurrency community, according to new research by CoinDesk.
Crypto adoption has been growing for years, but the surge of interest has really picked up in the United States in 2018 and is largely attributable to the rise in the price of Bitcoin and other cryptocurrencies.
Internet penetration in the U.S. has been increasing steadily over the past few years. According to Pew Research Center’s Internet Project, 83% of Americans now have mobile phones and 52% are online. By 2018, the penetration rate of mobile and Internet users is projected to reach 88% and 83%, respectively.Summary of the situation
– The United States and the Netherlands have the best adoption rates for cryptocurrencies.
– El Salvador, Cambodia and Lebanon do not accept cryptocurrencies well due to internet speed.
Many small investors around the world accept cryptocurrencies. Blockchain-centric ATMs have emerged and offer many opportunities for ordinary merchants. The United States and El Salvador appear to be early adopters of cryptocurrencies.
Small Business Price, a London-based business news site, has revealed that at least 25 countries want cryptocurrencies. The study examined the top 66 countries by population size and various key factors in recent years. The analysis is also based on the events surrounding the cryptocurrency of 2018 so far.
Forecast introduction of crypto-currencies
Given all these numbers, the company believes that cryptocurrencies like Bitcoin, Bitcoin Cash, Ether, Dogecoin, Ripple and Zcash are more popular. The United States is showing more interest in adopting cryptocurrencies, especially the state of Texas. However, the cryptocurrency market in the country has also tightened.
North America has the highest number of cryptocurrencies per person in the world. Publishing cryptocurrencies also violates the norms and is therefore very popular. The United States is moving toward rapid adoption of cryptocurrencies and securing traders.
The second largest adoption of cryptocurrencies in Hong Kong is much more focused on mining than passive investment. This is because the country has good internet speeds and low electricity bills. But as Beijing fights to ban cryptocurrencies, many companies have left the country for Asia.
The Netherlands is the third country to promote this new financial technology to new investors. According to the data, more than 50,000 crypto investments have been made in the country every month, so the demand is high. The popularity of the Netherlands among cryptocurrencies is due to the fact that the internet speed is ideal for mining.
New countries accepting crypto-currencies
But not only in the US, China and the Netherlands are cryptocurrencies well accepted, also new players are popping up. El Salvador, Lebanon, Cambodia and Iran are the last on the list, but promise to become tax havens for cryptocurrencies. The limiting factor preventing these countries from becoming a powerful center of the cryptocurrency market is low internet speed.
Cryptocurrencies have been around since 2008, when the first bitcoin was decrypted on an unprecedented blockchain. At first bitcoin was just a game, but now it is trading above $32,000.
As cryptocurrencies age and leading regions participate in them, more countries will adopt them. It is a virtual market with many future plans that an investor, retailer or wholesaler can take advantage of.Bitcoin and other cryptocurrencies are becoming more and more common, but the United States is leading the way. While some important countries such as Japan, South Korea, and Estonia have a history of crypto adoption, the United States has been quite slow. However, the rise of blockchain technology has caused the United States to make some major progress.. Read more about crypto adoption meaning and let us know what you think.
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