Hundreds of millions of people around the world use cryptocurrencies, according to new research from a digital asset settlement company.
Singapore-based TripleA says it has collected data from more than a dozen reports and surveys to “get the most comprehensive and accurate set of statistics” for its research.
According to the company’s research, global crypto ownership will average 4.2% this year, representing more than 320 million digital asset users worldwide.
The United States leads the global adoption of cryptocurrencies 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 cryptocurrency users. Africa takes her second spot with her 53 million crypto users, followed by her 51 million users in North America.
According to the study, the growth of cryptocurrency users since 2014 appears to have followed the trajectory of internet adoption in the 1990s.
Regarding Bitcoin (Bitcoin), the study highlights that the value of leading cryptos by market capitalization has grown by a staggering 540,000% from 2012 to 2021.
Bitcoin is projected to reach an annual growth rate of 60% in 2021, while the cryptocurrency market is projected to grow at a compound annual growth rate of 56.4% from 2019 to 2025.
Looking at the impact of cryptocurrencies across industries, the survey highlights that 85% of US-based businesses say enabling payments for digital assets is a top priority. I’m here. In addition, companies that accept crypto payments saw an average return on investment he increased by 327% and new customers surged by up to 40%.
Read the full report here.
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