Cryptocurrency The increasing interest in units marked 2021. Even when the crypto money markets are in a deep bear market in 2022, we see that the adaptation continues to grow, albeit slowly.
While the interest in cryptocurrencies is growing in terms of investment and payments, we see that investment outweighs.
In its latest research, Merchant Machine examined the use of cryptocurrencies by country.
According to data shared by Finbold, the most widespread use of cryptocurrencies (including investments and payments) was the USA, followed by Ukraine, which is still under Russian occupation.
Turkey Not Included
Unfortunately, Turkey was not among the top 10 countries with widespread use of cryptocurrencies.
Here are the Top 10
While countries were given points out of 10, the USA got 7.75 points out of 10, Ukraine got 5.96 points and England got 5.79 points.
It was stated that the number of cryptocurrency holders in a country, the DeFi adoption index, the number of businesses that allow crypto payments, the number of Bitcoin ATMs and the monthly search size of the crypto currency terms were taken into account, and the research was conducted over 50 countries.
Ukraine took refuge in cryptocurrencies
Ukraine is a good example in terms of the equation of freedom and security that cryptocurrencies provide to people.
Because Ukraine, which is in the 2nd place in terms of the use of crypto money, is in the 1st place in terms of crypto money ownership. While 12.73% of the population in Ukraine has crypto assets, it was stated that this was due to the war environment in the country.
Having difficulties in accessing financial instruments as well as economic difficulties, Ukrainians saw cryptocurrencies as a safe haven.
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