Check whether your country is one of these Crypto Hubs

You can leverage this to make $$$

The advantage of having your country on this list is enormous for you as an individual. I will state some of the benefits in the concluding section of this article.

According to Chinanalysis (2021), the following are the countries with the highest level of cryptocurrency adoption in the world. Chainalysis used various metrics to score crypto adoption in 154 different countries.

1. Vietnam: Vietnam is a country in Southeast Asia. Vietnam, however, has the highest volume of cryptocurrency transactions in the world. A survey by Finder in Vietnam found that 41% of the respondents had invested in cryptocurrency. One of the reasons for the cryptocurrency adoption in Vietnam is that it offers an easy means of remittance for Vietnamese abroad without the high transaction fees associated with traditional financial transactions.

The quick loss of value of the Dong (Vietnam’s currency) is another reason for the heavy adoption of cryptocurrency. People are looking for ways to hedge against inflation. Also, it is an investment vehicle in the country. The arrival of the play-to-earn concept is now turning more vietnameses to gamers

2. India: India is leading the crypto adoption because of their apt disposition to new technology, and they are good at seeking innovative ways of investing. Before cryptocurrency, Indians were popular with stock and forex trading. And according to the chief executive of Bitmex, Alexander Höptner, “The combination of the strength of the economy, the demographics and technological prowess makes India an ideal driving force in mass crypto adoption,”

3. Pakistan: The efforts of Waqar Zaka go a long way in promoting the adoption of cryptocurrencies in the country. The country’s law banned owning bitcoin until Waqar and his team worked tirelessly to ensure that the court passed an order prohibiting authorities from arresting Bitcoin holders unless they engage in illegal activities, such as money laundering.

4. Ukraine: It is estimated that over 5.5 million people, 12.7% of Ukraine’s total population, currently own cryptocurrency.

Ukraine sent $8.2 billion worth of cryptocurrency and received $8 billion worth from July 2019 to June 2020. The Russian-Ukraine war is increasing the adoption of cryptocurrency in Ukraine. The Ukrainian government has also turned to crypto to fund military operations.

6. Nigeria: Nigeria has the highest population in Africa. A survey by Statista shows that nearly one out of three Nigerians reported that they owned or used a digital currency. Although Nigeria does not have the highest trading volume, the volume of transactions from Nigeria is said to be more than $400 million as of 2020.

The two reasons why Nigerians embrace bitcoin are;

7. Venezuela: In 2021, an increasing number of people and businesses in Venezuela were accepting cryptocurrencies as a form of payment to edge against hyperinflation and devaluation of the national currency, the Bolivar.

According to a report by the University of Cambridge, Venezuela ranked among the top 10 cryptocurrency-mining countries at the beginning of 2021.

8. U.S: Ordinarily, the U.S. should be a leading country with crypto adoption because of its economic strength and technology, but it is a heavily regulated market that doesn’t favor decentralized currencies. Unlike countries in Africa and Asia that come before it in adoption level. About 14% of Americans own cryptocurrency, and this number is rapidly growing.

9. Togo: Other than the popularity of crypto in Togo, Togo is the only country ranked in the top 20 on Chainalysis upcoming DeFi Adoption Index. Togo is a West African country that is fast growing in crypto adoption. The investment opportunity that crypto presents is one of the reasons for the increasing crypto adoption in Togo.

10. Argentina: An estimated 2.94% of Argentina owns this total to about 1.3 million citizens of Argentina. The legitimate cryptocurrency profits were worth $200 million in 2021. The economic upheaval in Argentina made many people take to blockchain to protect their assets.

Conclusion

If you live in a country where there is high cryptocurrency adoption, you can leverage this by doing the following;

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