A new study from a digital asset payment company reveals that hundreds of millions of people around the world use cryptocurrency.
Singapore-based TripleA says the company gathered data from more than a dozen reports and surveys to “get the most comprehensive and accurate set of statistics” for their study.
According to the company’s research, global crypto ownership rates averaged 4.2% this year, which translates to more than 320 million digital asset users worldwide.
The United States leads in global crypto adoption with 46 million users, followed by India and Pakistan with 27 million and 26 million users respectively.
By continent, the study reveals that Asia is ahead of the curve with 130 million crypto users. Africa ranks second with 53 million crypto users, followed by North America’s 51 million users.
According to the study, the growth of crypto users since 2014 appears to follow the trajectory of internet adoption in the 1990s.
As for Bitcoin (BTC), the study points out that the value of the main crypto by market capitalization increased by 540,000% from 2012 to 2021.
“Bitcoin reached an annual growth rate of 60% in 2021 and the cryptocurrency market is expected to grow with a compound annual growth rate of 56.4% from 2019 to 2025.”
Looking at the impact of crypto on various industries, the study highlights that 85% of US-based businesses say enabling digital asset payments is a high priority. Additionally, businesses that accept crypto payments have seen a 327% increase in ROI on average and up to a 40% increase in new customers.
You can read the full report here.
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