Countries Involved in Cryptocurrency

It’s 2021, heard of Cryptocurrency? No? Well it’s surging across the globe. 

  • In Nigeria, about 33% Nigerians either own or trade cryptocurrency.
  • It has become such a reliable source of sending money across platforms.
  • In the Philippines’ Central Bank has approved cryptocurrency  transaction within the country source by


Reliance on remittances and the prevalence of peer-to-peer phone payments have led to a steep rise of cryptocurrency use in Africa’s largest economy. Out of 74 countries in the Statista Global Consumer Survey, Nigerians were the most likely to say they used or owned cryptocurrency.

Like we siad, 33% of Nigerians has applied to them. The cost of sending currency across borders has caused many to take action into cryptocurrency exchanges. According to Nigerians will use their mobile devices to send currency to each other to pay within stores. 

Businesses in Nigeria. will ad crypto plugins to phone payment options, concluding many possibilities for Nigerians using crypto.

The second and third most used cryptocurrency used by Vietnam and the Philippines. Again, remittance payments play a role in the widespread use of cryptocurrency. According to, the Philippines’ Central Bank has approved several crypto exchanges to operate as “remittance and transfer companies” in the country. The government itself is already meddling in cryptocurrency by setting up blockchain app with Unionbank to distribute government bonds. Unionbank has also installed a Bitcoin ATM in Makati (Metro Manila), showing how cryptocurrencies are slowly entering the mainstream in the country.

Other countries include Africa, Southeast Asia, Peru, Brazil, Columbia, Argentina, Mexico and Chile.

Meanwhile in Japan, has registered the lowest ownership of cryptocurrency. About only four percent has experience with exchanges with crypto products.

Now this is subjected to change as cryptocurrency is growing popularity in the United States, and just recently Nigeria has ban cryptocurrency ownership within the country.


Subscribe To The Money Matters Newsletter 

Receive top education news, lesson ideas, eBooks and Blogs from the best

Invalid email address
Give it a try. You can unsubscribe at any time.

Leave a Reply

Your email address will not be published. Required fields are marked *

A GUARANTEE 7-Week Successful Business Startup Plan Earn up to $1,000 Per Week

Don’t miss the chance to participate in the world of business!