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4% of the world’s population now reportedly owns cryptocurrencies

by Thomas

The adoption of cryptocurrencies is growing in a heterogeneous but global way. That’s the conclusion of a report by Triple A, which says that 4% of the world’s population would already own cryptocurrencies. Who are the top performers

The world’s population is gradually turning to cryptocurrencies

A total of 320 million of the world’s population are now reportedly using cryptocurrencies. Looking at the largest number of holders, the US leads with 46 million, followed by India (27 million), Pakistan (26 million), Nigeria (22 million) and Vietnam (20 million).

If we look at the percentage of the population holding cryptocurrencies, however, the leading countries change. Vietnam comes first, with an impressive 20% of its population, followed by Ukraine (15%) and the US (13%). South Africa and Kenya round off the top five (12% and 11% respectively).

France comes 19th in terms of population owning cryptocurrencies (3.4 million people), which corresponds to 5% of its population. However, we note that our study with Adan and KPMG France, which we published last February, estimated this share at 8% instead.

Cryptocurrency users by world region

Cryptocurrency users by world region

Other indicators of gradual adoption

A notable feature of the current bear market is that it doesn’t seem to be stopping companies from continuing to invest in Web3 and embrace cryptocurrencies. Triple A’s report cites several figures to support this trend. Over 85% of US merchants would see the future acceptance of cryptocurrencies as a “high priority”.

International money transfers are also changing: when done with cryptocurrencies, they are on average 388 times faster and 127 times cheaper.

However, cryptocurrency holders still fit a rather narrow profile. 72% are 34 years old or younger, 63% are male, and 71% have the equivalent of a bachelor’s degree or higher. Wider adoption by the global population will therefore require reaching out to the other categories.

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