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The United States is the most prepared country to host digital currencies


According to new reports, the United States ranks first in countries that are ready to use digital currencies. The country has the largest number of Bitcoin ATMs and their number continues to grow.

to the the report CoinDesk, Crypto Head, a digital currency training platform, recently conducted a study that found that the United States is “the most prepared country in the world to use digital currencies.”

The platform sets the benchmarks for its research and publishes a list of 200 countries that are ready to use digital currencies. These criteria include the number of Bitcoin ATMs and their availability, the legality of digital currencies and the possibility of their use by banks, and the extent to which citizens search for concepts related to digital currencies.

CryptoHead scores and scores different countries of the world according to the same criteria. The United States topped the list with a score of 7.13 out of 10, followed by Cyprus and Singapore with scores below 6.5, respectively.

Of course, this study also has its own limitations and does not take into account some important and influential factors such as how taxes are allocated and legislation related to the widespread use of these currencies; However, the results are interesting in their own way and tell facts that can be very useful to be aware of.

For example, these results show that the United States currently has 17,436 digital currency ATMs. Canada, the world’s second largest digital currency ATM, has about 1,000 ATMs, indicating that the United States is far ahead of the rest of the world. The number of digital currency ATMs in the United States continues to grow, and companies such as Coin Cloud are rapidly installing more devices in different parts of the country. This indicates the increasing popularity and acceptance of Bitcoin as a payment tool.

In addition to the number of ATMs, the platform also examines the number of ATMs per user. The United States also managed to become the first country in the world in this category. There is one ATM for every 19,023 people in the United States. Canada, which ranks second, has one ATM for every 26,265 people. Japan ranks last in this category. Japan has only one digital currency ATM for its total population of 126 million. Of course, 24 countries in the world do not have ATMs for digital currencies at all.

CryptoHead has devoted 2 points (out of 10) to its research on digital currency legislation. Countries in which digital currency ownership is free received 1 point, and countries that use digital currencies in their banks also received 1 point.

Finally, the platform examines the number of online searches of citizens of each country for concepts and terms related to digital currencies and compares it with last year’s results to find that citizens of different countries are increasingly interested in digital currencies. Cyprus ranks first in this category. For every 100,000 citizens of this country, there are 34,000 searches related to digital currencies. This result indicates a 137% increase in the interest of Cypriot citizens in digital currencies. Interest in digital currencies is growing in many countries around the world. For example, interest in these currencies in Romania has increased by 331% compared to last year, and countries such as Greece, Canada, Britain and Saudi Arabia are in the next ranks with a slight difference.

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