Nigeria, Vietnam And The Philippines Become The Most Crypto-User Countries In The World

The Philippines is a country open to crypto money (Bitcoin News)

JAKARTA - The explosion in popularity of crypto money during this pandemic seems to offer new solutions related to the financial system. The presence of cryptocurrency, which is starting to have a place in the hearts of the wider community, cannot be separated from the pros and cons. From various countries, Nigeria is one of the countries that has the most crypto users.

Launching WeForum (World Economic Forum) on Monday, April 26, from 74 countries in Africa surveyed by Statista Global Consumer revealed that most Nigerians have crypto money or use it.

The high ownership and use of cryptocurrencies there is a result of the high fees for transfers or remittances in Nigeria. So that the residents there prefer to have cryptocurrency on a number of crypto exchanges in Nigeria.

Not only that, most Nigerians make payment transactions and send money using smartphones. Recent news reports that various businesses in the country have added Bitcoin cs as a mobile payment option.

Meanwhile, in the Southeast Asia region, there are two countries that are a haven for crypto money, namely the Philippines and Vietnam. The cause of the high number of Bitcoin cs users is also caused by the same case with Nigeria, namely the high cost of money transfers.

As reported from Bitcoin.com, the central bank of the Philippines, Banko Sentral ng Pilipinas, has reportedly approved a number of cryptocurrency exchanges to operate immediately. Apart from trading crypto money, a number of crypto exchanges will also become legal money transfer companies.

Not only that, but the Philippine government has also developed a Blockchain application called bonds.ph for purposes related to cryptocurrency in the future. The Philippine government took Unionbank in making the application to distribute government bonds.

The Philippines appears to be one of the Southeast Asian countries that is ready and opening up to the arrival of cryptocurrencies. They have also presented a Bitcoin ATM located in Metro Manila.

Latin America has Peru as a country that is a crypto money paradise, survey results from 16 percent of population respondents. Then followed by Brazil, Argentina, Colombia, Chile, and Mexico.

Switzerland and Greece are the European countries that use the most cryptocurrencies in the Blue continent. In both countries, the adoption rate for cryptocurrency at the individual and institutional level is very high regardless of the underlying economic circumstances.

Meanwhile, Denmark and Japan have the lowest cryptocurrency adoption rates. Of all respondents, only 4 percent said they had crypto money.

For more details, here are the results of a survey conducted by Statista Global Consumer which was conducted throughout 2020. The survey involved as many as 1,000 to 4,000 respondents from each country: Nigeria 32 percent, Vietnam 21 percent, Philippines 20 percent, Turkey 16 percent, Peru 16 percent, Switzerland 11 percent, China 7 percent, United States (US) 6 percent, and Germany 5 percent, and Japan as much as 4 percent.