Ukraine now ranks second in the world for crypto use. Which other countries have embraced it?
Long gone are the times when cryptocurrency was just a niche, far-fetched revolutionary ideal for the people who dreamed of achieving social change through technology, and those who could sniff a good investment.
The hype for crypto has turned into reality, with Bitcoin - the world’s most famous cryptocurrency exchange - now counting over 180 million users globally and over 18,000 businesses across the world currently accepting cryptocurrency payments.
But cryptocurrency hasn’t taken off the same way in every country, with its adoption and use being sporadic across the world.
A new study by Merchant Machine, a payment processing comparison website, has found that the US, Ukraine, and the UK are the top 3 countries for crypto use worldwide, based on the number of crypto owners, businesses that accept cryptos, and the amount of Bitcoin ATMs available.
The US has the second highest number of crypto owners in the world, over 27 million compared to India’s over 100 million, but the country has the highest percentage of crypto owners compared to its total population.
The number of Bitcoin ATMs across the U.S. also eclipses that of any other nation, with over 33,000 machines compared to Canada’s 2,458. By further comparison, India has only 2 Bitcoin ATMs.
The US has also one of the most powerful economies in the world, which could explain how crypto has taken off there. But the same explanation doesn’t justify why crypto has become so relevant in Ukraine.
This is the full list of the top 10 countries using crypto the most:
10. Colombia
9. Vietnam
8. The Netherlands
7. France
6. Russia
5. Thailand
4. India
3. UK
2. Ukraine
1. US
The reason Ukraine is the second country after the US in terms of crypto use is, unfortunately, due to the war
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