Uquid Research | Crypto Payment Adoption
Crypto is becoming more popular nowadays among so many countries. We are excited to share with you the global crypto adoption index. This is the method to measure the craze of cryptocurrency adoption all around the world and the incredible growth of cryptocurrency markets which increased the attention for the industry.
We are sharing this index with you to let you know the list of countries that have the highest level of cryptocurrency adoption according to our research. While the professional and institutional markets are crucial, we want to highlight the countries with the greatest cryptocurrency adoption by ordinary people, and focus on use cases related to transactions and individual saving, rather than trading and speculation.
According to Uquid research US, Ukraine, Thailand, Pakistan, and Brazil are the countries with the greatest cryptocurrency adoption by people. Which we can see from the given image which shows the ratio of it.
Our evaluation criteria are based on:
- Number of crypto transactions made.
- Customer interest in shopping sites that support crypto payments
- Legal approval of crypto payments and usage
- Acceptance rate of crypto payments by companies.
Crypto payments might be the innovation companies are looking for. A recent survey by Uquid revealed that 57% of respondents believe accepting cryptocurrency payments would give companies a competitive edge. Among the other standout statistics, more than one-third of businesses reported that customers had asked to pay in Bitcoin (BTC), Ether (ETH), or another digital currency.
“Our research highlights that 75% of all large companies believe cryptocurrency will eventually be integrated into every form of financial services.”
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