BlockchainNigeria is next to accept Bitcoin (BTC)

Nigeria is next to accept Bitcoin (BTC)

Blockworks has just published on Twitter a table in which appears a new classification. This tidying up concerns especially the level of adoption of crypto currencies in the world.

Africa leads the way thanks to Nigeria

Seeing Nigeria at the top of the podium in this ranking seems worrying to some observers. However, the publication of Blockworks on October 19 confirms this. Ditto for Yahoo Finance which relayed part of the ranking in which this African country has a crypto adoption rate of 24.2%.

Even the numbers regarding Bitcoin (BTC) adoption are impressive: 16.1%. The same goes for Dogecoin (DOGE), 5.3%, and Binance Coin (BNB) at 4.8%.

We all remember that in February the Central Bank of Nigeria carried out oppressive acts against cryptocurrencies. To see what is happening now, it looks like the wheel is turning on this side.

Asians more and more seduced

What impresses in this table are the places occupied by Asian countries. 6 best students in Asia have indeed obtained scores above the estimated average of 11.4% for all cryptos.

The 6 countries concerned are Malaysia, Indonesia, Hong Kong, Singapore, India and the Philippines. Which show respectively an adoption rate of 18%, 16.7%, 15.8%, 15.6%, 15.4% and 13.3%.

What is most striking in all of this is the interest some of them have in BTC, ETH and DOGE. To cite only Malaysians’ attraction for Bitcoin (11%), Singaporeans for Ethereum (8.2%) and Indonesians for Dogecoin (4.7%).

America in a bad position

The table in question shows, however, that the countries of the American continent (North, Center and South included) seem less fond of cryptocurrencies. Only Mexico City manages to score above average (12.1%), slightly ahead of the richest country on the planet, the USA with 10.4%.

The United States and Canada are poised to amaze all observers on the planet with such timid figures: 4.9% Bitcoin adoption rate for Uncle Sam’s country, and 5.3% for maple country.

Most of the reactions to this post criticize the author of this ranking. Looks like its author ignored some quantitative criteria, most say. However, we would not be surprised if other parameters such as the plurality of young people among the population of a country were retained for its development. 

Stephanie Evans
Stephanie Evans
I'm the lady in charge of News Alarms, but also getting all the reviews up on the website, so you can thank me for all those shining stars – or blame me for a lack of them. I also spend my time working my SEO magic to try and coax the Google Juice to flow in our favor.

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