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In which countries is bitcoin accepted the most; Chinalis responds

A new report from the Chainalysis analytics platform shows that acceptance of digital currencies is increasing worldwide, with some countries leading the way.

to the Report According to the Daily Hoodel, Vietnam ranks at the top of the digital currency acceptance index in 2021 in terms of the significant number of digital currency-related activities, intra-chain transactions of micro-investors and the high volume of peer-to-peer transactions.

The Southeast Asian country has recently been featured in other digital currency-related classifications. Earlier this month, Bainance released a list in which Vietnam was ranked second among the top five countries in terms of digital currency acceptance.

India, Pakistan, Ukraine and Kenya are among the top countries in accepting digital currencies on the Chinalis list, respectively.

According to Chinalis, the Blockchain Analysis Platform has rated itself according to the “purchasing power parity” index to identify countries that have significant digital currency activity based on the wealth of the average person in society and the value of their money.

Chinalis reports:

Several countries are among the emerging markets, including Kenya, Nigeria, Vietnam and Venezuela, according to our index, because these countries have a high volume of peer-to-peer transactions, taking into account the per capita purchasing power parity and population of Internet users. . Our interviews with experts in these countries show that many of their residents use peer-to-peer digital currency exchanges as their main tool to convert Fiat currency to digital currency, as they usually do not have access to centralized exchanges.

Chinalis added that the overall level of acceptance of digital currencies is growing around the world, and that the criteria that affect acceptance rates may vary from region to region.

Chinalis said:

Our research shows that the reasons for the increase in the acceptance of digital currencies around the world are different. In emerging markets, many turn to digital currencies to protect their capital against devaluation, remittances, and commercial transactions, while [معیارهای مربوط به] The adoption of digital currencies in North America, Western Europe, and East Asia has been largely boosted over the past year through institutional investments.


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