Blockchain News

Report: Global Crypto Adoption Exceeds 320 Million People

Most people who own crypto live in Asia and Africa. The U.S. remains the top country in the world for crypto holders, according to a report from Triple-A.

Source: Triple-A

There are more than 320 million cryptocurrency owners in the world, and most of them now live in Asia and Africa, according to a study on global crypto adoption.

The report from Singapore-based digital asset payments firm Triple-A demonstrated how crypto ownership is rising, particularly in developing economies that are experiencing falling currency rates.

According to Triple-A, the study showed the impact cryptocurrency has had across a number of industries:

“The biggest brands in the world are accepting crypto payments. Merchants who accept crypto payments have an average ROI of 327% and more that 85% of U.S. merchants view enabling crypto payments as high priority.”

On a country-by-country basis, the U.S. continues to have the largest number of cryptocurrency owners with 46 million. India (27 million) and Pakistan (26 million) are the next highest countries on the list; however, these numbers represent only 2% and 11% of their populations, respectively. Vietnam has the highest-percentage of crypto holders, with 20% of the population owning cryptocurrency.

Here are some key stats from the report:

  • The global cryptocurrency ownership rate is estimated at 4.2% of the population.
  • 72% of cryptocurrency owners are under the age of 34.
  • 15.8% of the global remittance market is already using cryptocurrency for money transfers.

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