Global Crypto Adoption Surpasses 320,000,000 Users, According to Survey – Here’s the Country Leading the Charge
A new study by a digital asset payments firm reveals that hundreds of millions of people worldwide use cryptocurrency.
Singapore-based TripleA says the firm collected data from more than a dozen reports and surveys to “obtain the most comprehensive and accurate set of statistics” for its study.
According to the firm’s research, the global crypto ownership rate averaged 4.2% as of this year, which equates to more than 320 million users of digital assets worldwide.
Leading global crypto adoption is the US with 46 million users, followed by India and Pakistan with 27 million and 26 million users respectively.
By continent, the study reveals that Asia is ahead of the curve with 130 million crypto users. Africa takes second place with 53 million crypto users followed by North America’s 51 million users.
According to the study, the growth of crypto users since 2014 appears to follow the trajectory of internet adoption in the 1990s.
As for Bitcoin (BTC), the study highlights that the value of the leading crypto by market cap grew a staggering 540,000% from 2012 to 2021.
“Bitcoin reached an annual growth rate of 60% in 2021, and the cryptocurrency market is forecast to grow at a compound annual growth rate of 56.4% from 2019 to 2025.”
Looking at the impact of crypto across different industries, the study highlights that 85% of US-based businesses say enabling digital asset payments is a high priority. Additionally, businesses accepting crypto payments experienced a 327% increase in return on investment on average and up to a 40% increase in new customers.
You can read the full report here.
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