tl;dr
A recent study by Hellosafe reveals that digital currency adoption is surging globally, with India leading in absolute numbers and emerging economies showing significant growth. Countries like Nigeria, Egypt, Indonesia, and the Philippines are experiencing a notable rise in digital currency users. F...
Emerging Economies Lead Digital Currency Adoption: Study
A recently released study by Hellosafe shows that the adoption of digital currency is exploding globally. The study, which relied on surveys and widely available data, examined the increase in digital currency users between 2019 and 2024.
In absolute terms, India saw the biggest increase in holders with 205 million people buying at least some digital currencies between 2019 and 2024, bringing the total number of holders to 314 million.
Countries like Canada, Germany, the United States, and the United Arab Emirates also saw significant growth in percentage terms, while emerging economies such as Nigeria, Egypt, Indonesia, and the Philippines experienced a notable rise in digital currency adopters.
Factors driving these trends include greater accessibility, government efforts to drive awareness and adoption, and a growing interest in speculation and tech-related investments.
While Westerners view digital currencies as speculative assets, people in emerging markets see them as tools to drive economic growth and transform societies. The developing world's favorable attitude towards blockchain and digital currencies may propel them ahead in adoption, urging the West to consider the transformative potential of these technologies.