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Vietnam Is Leading In Crypto Adoption In 27-Country Survey

Updated: Aug 16, 2021

Financial products comparison website has released its latest crypto report, assessing adoption trends in 27 countries in Europe, Asia and America. Vietnam Leading Crypto Adoption in Finder Survey of 27 Countries NEW Emerging economies such as Vietnam, India and Indonesia are leading the way in adopting crypto, highlighting key digital asset use cases related to cryptocurrencies, remittances and financial inclusion.

A survey by Finder of 42,000 people in 27 countries found that Vietnam had the highest adoption rate, with 41% of respondents saying they had bought cryptocurrencies. The percentage of Vietnamese people said they bought Bitcoin (BTC), which was the highest among all the countries surveyed. Although Vietnam's strong outperformance may seem surprising on the surface, the Finder poll confirmed other data showing that the Southeast Asian country is outperforming its crypto adoption. As Cointelegraph reported in June, Vietnam ranked high. Bitcon's 13th place in realized revenue for 2020, despite only having the 53rd largest economy in terms of gross domestic product. claims:“Wire transfer payments may have played an important role in these numbers, with cryptocurrency as an option for migrants looking to send money home and avoid exchange fees. Adoption rates were also very high across Asia, with 30% of respondents in Indonesia and India saying they had bought cryptocurrencies. That number was 29% in Malaysia and 28% in the Philippines.

On the other side of the spectrum, adoption rates were lower in the UK and US, at 8% and 9% respectively. represented by the survey had between 1,160 and 2,511 respondents. "Because of Google's different infrastructure in each area, not all surveys were nationwide representative," the report said. The report also documented strong adoption trends in many Latin American countries, with 22% of Brazilian respondents saying they had bought cryptocurrencies. The digital asset class is growing rapidly across the continent, in part due to soaring inflation, tighter capital controls, and improved tax prospects. The region now has at least two crypto exchange unicorns, a term for new businesses valued at $ 1 billion or more .


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