Vietnam leads cryptocurrency adoption in Finder’s survey of 27 countries/regions

Emerging economies such as Vietnam, India, and Indonesia are leading the way in adopting cryptocurrencies, highlighting important use cases for digital assets related to remittances and financial inclusion.

Finder Polls Among 42,000 people in 27 countries/regions, Vietnam has the highest adoption rate, with 41% of respondents claiming that they have purchased cryptocurrency. 20% of Vietnamese said they bought Bitcoin (Bitcoin), the highest among all countries surveyed.

Although on the surface, Vietnam’s strong performance may be surprising, Finder’s survey confirmed other data indicating that this Southeast Asian country has performed well in encryption adoption. As Cointelegraph reported in June, Vietnam ranks 13th in realized Bitcon earnings By 2020-even though it is calculated in terms of gross domestic product, it is only the 53rd largest economy.

related: Report: The Prime Minister of Vietnam asks the National Bank to try digital currency on the blockchain

Regarding the motivation for buying cryptocurrency in Vietnam, the Finder report stated:

“Remittance payments may have played an important role in these numbers. For immigrants who want to send money home and avoid exchange fees, cryptocurrency is an option.”

The adoption rate across Asia is also very high, with 30% of respondents in Indonesia and India claiming to have purchased cryptocurrencies. This figure is 29% in Malaysia and 28% in the Philippines.

On the other hand, the United Kingdom and the United States have the lowest adoption rates, at 8% and 9%, respectively.

There were 1,160 to 2,511 respondents in each country represented by the survey. The report said: “Because Google infrastructure is different in each region, not all surveys are nationally representative.”

The report also recorded strong adoption trends in many Latin American countries, with 22% of Brazilian respondents claiming to have purchased cryptocurrencies. Digital asset classes are growing rapidly across the African continent, partly due to soaring inflation, stricter capital controls, and deteriorating fiscal prospects.The area now Home to at least two cryptocurrency exchange unicorns, The term is used to refer to start-up companies with a valuation of 1 billion U.S. dollars or more.

related: Latin America’s Mercado Bitcoin exchange raised $200 million from SoftBank