CRYPTO ADOPTION & COUNTRIES DRIVING IT.

[iamcryptic]

Crypto adoption has become a topic every enthusiast should be passionate about. Over the past decade, significant strides have been made in integrating cryptocurrencies into daily life, spanning industries like finance, transportation, and hospitality.

But who is driving this adoption? According to a recent report by Foresight https://foresightventures.com/research?details_id=71&details_type=research&keyValue Asia is at the forefront of the crypto revolution, establishing itself as the hub for digital finance. This aligns with a prediction from Gracy, as highlighted here:

https://twitter.com/x/status/1734246797131006100

Countries like India, the Philippines, Vietnam, and Indonesia rank among the top 10 for crypto adoption. What factors contribute to this trend? What are your thoughts?

 

[kalpana007]

India among top countries? I doubt that.

 

[iamcryptic]

India among top countries? I doubt that.

You're saying foresight analysis is flawed? You can read it yourself mate.. was a shocker for me too

 

[savitaprasad]

You're saying foresight analysis is flawed? You can read it yourself mate.. was a shocker for me too

India will not have a major impact. Because majority of people there still believe in traditional forms of deposit like bank deposits. They do not even invest in stocks . How can we expect them to start investing in crypto all of sudden?

 

[can1020]

Switzerland remains well ahead on this

 

[RichMedusa]

India will not have a major impact. Because majority of people there still believe in traditional forms of deposit like bank deposits. They do not even invest in stocks . How can we expect them to start investing in crypto all of sudden?

The point is that we wouldn't need the majority of people in India to have a crypto mentality, it would represent like 800M people

If just 10M or 15M people have a different mindset, a more modern one, it's enough for this country to become a major player

 

[natsuko]

Asia's dominance in crypto adoption makes sense with its large unbanked population, tech-savvy users, and regulatory progress in some countries. It's exciting to see countries like India and Vietnam leading the charge. Access to blockchain solutions for remittances and DeFi seems to be a key driver.

 

[Enzygnev]

Switzerland remains well ahead on this

How do you know? What's the analysis?

 

[learnandearnwithseo]

Crypto adoption has become a topic every enthusiast should be passionate about. Over the past decade, significant strides have been made in integrating cryptocurrencies into daily life, spanning industries like finance, transportation, and hospitality.

But who is driving this adoption? According to a recent report by Foresight https://foresightventures.com/research?details_id=71&details_type=research&keyValue Asia is at the forefront of the crypto revolution, establishing itself as the hub for digital finance. This aligns with a prediction from Gracy, as highlighted here:

https://twitter.com/x/status/1734246797131006100

Countries like India, the Philippines, Vietnam, and Indonesia rank among the top 10 for crypto adoption. What factors contribute to this trend? What are your thoughts?

Population of the country is also very important. Like India has good population and this there are so many users.

 

[savitri]

Switzerland remains well ahead on this

Already a tax heaven. Do they have relaxation for crypto as well ?

 

[Flamee]

bigger factor than population is motivation
low wages + fast mobile internet = recipe for web3 adoption
seen it firsthand running campaigns in SEA - telegram groups fill up overnight, X threads go viral for peanuts

 

[WAndreas]

Bitcoin instead of gold? It's all temporary.