Triple A Report: Heightened interest in cryptocurrencies, globally and locally

While regulators, U.S ones especially, have been trying their damnedest to derail the revolution, data compiled by TripleA shows a positive trend with crypto adoption, especially in many developing nations. As of 2021, Singapore-based cryptocurrency payments company Triple A estimated global crypto ownership rates at an average of 4.2%, with over 320 million crypto users worldwide, plus over 18,000 businesses already accepting cryptocurrency payments. Among the continents, Asia gets the biggest share with 130 million, followed by Europe with 43 million and Africa with 53 million.

Who Are TripleA And What Are Their Methodologies?

TripleA is a Singapore-based company that offers business solutions to companies wanting to accept crypto for payments. “Cryptocurrency adoption is growing around the world. As a leading cryptocurrency payments company, we strive to offer key statistics to help businesses better understand the cryptocurrency market—how you can reach untapped markets and grow your business. As of 2022, we estimated global crypto ownership rates at an average of 4.2%, with over 320 million crypto users worldwide”, they stated.

triple-a-report-heightened-interest-in-cryptocurrencies-globally-and-locally

The top 10 countries with the most hodlers show a surprising number of developing nations on the list. The top 10 are:

  1. United States: 46,020,521
  2. India: 27,416,309
  3. Pakistan: 26,457,317
  4. Nigeria: 22,332,791
  5. Vietnam: 20,210,834
  6. China: 19,883,262
  7. Brazil: 16,652,150
  8. Russia: 14,647,694
  9. Indonesia: 12,237,009
  10. South Africa: 7,712,116

What’s more, countries with the highest hodlers as a percentage of the population also throw up some surprises with notable crypto powerhouses, such as South Korea, not making the top 10.

  1. Ukraine: 15.72%
  2. Kenya: 11.6%
  3. Venezuela: 9.02%
  4. Colombia: 6.63%
  5. Singapore: 4.92%

Furthermore, the country’s cryptocurrency space has been expanding with the active participation of several local financial institutions and fintech companies. As we can see that the countries with more than 10% population hold cryptos :

  1. Vietnam – 20.27%
  2. Ukraine – 15.72%
  3. USA – 13.74%
  4. South Africa – 12.45%
  5. Kenya – 11.60%
  6. Pakistan – 11.50%
  7. Nigeria – 10.34%
  8. Russia – 10.10%

For your information, TripleA helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 300m+ cryptocurrency users. With its white-label, easy setup, instant confirmation, locked-in exchange rate, real-time fiat conversion, and no chargeback crypto payment solution, TripleA meets the needs of many businesses. This includes e-commerce merchants, retailers, game providers, PSPs, fintech, marketplaces, and tech companies. The company is licensed by MAS, the Monetary Authority of Singapore (Singapore’s Central Bank), allowing partners to operate in a fully compliant and regulated environment.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS