As the cryptocurrency sector grows, digital assets are being utilized for various purposes such as payments and investment. However, the use of cryptocurrencies for such functions significantly varies by country, depending on factors like regulations. New research indicates that out of a number of countries around the world.
In particular, the score factored in the number of crypto owners in a country, the global decentralized finance (DeFi) adoption index, the number of businesses that allow crypto payments, the number of Bitcoin (BTC) ATMs, and the monthly search volume of cryptocurrency terms. Additionally, among the top ten countries with an overall crypto use, Ukraine ranks top based on percentage of population that own digital assets at 12.73%. Such countries face economic challenges characterized by local currency. #web3GrandPappa