Digital currencies had a fantastic year in 2021. Significant investment from financial institutions and High-tech companies has helped Bitcoin reach new highs. The second-largest cryptocurrency, Ethereum, also hit record highs. Along with rising investor interest in digital assets, numerous nations are expected to become cryptocurrency hotspots by 2022 and beyond. We’ve compiled some of the top countries for crypto adoption in the coming years.
Studies show that interest in cryptocurrencies has risen dramatically in the previous five years in the USA. It is estimated that 6% of the population owns or uses cryptocurrency. Almost a quarter of Americans trust a digital currency. Miami is now hosting one of the year’s most significant blockchain events.
The UK has long supported Bitcoin and other cryptocurrencies. In fact, the UK government is exploring ways to regulate digital currency usage. Currently, the country is ranked 11th in Europe’s most regulated cryptocurrency countries. It plans to meet with Japan, the European Central Banks, and other financial organizations to discuss the topic.
In the Czech Republic, Bitcoin is a rising star. This new technology’s potential is attracting larger groups of people aware of its benefits. Even the number of free Bitcoin-QT downloads has climbed to near-record levels.
This country is one of the most outspoken advocates of cryptocurrencies and has long been a hub for crypto enthusiasts. It enables businesses to trade cryptos for goods and services. However, the government is now trying out other options and learning more about how blockchain works and what it could be used for.
Out of 74 countries polled, Vietnam had the second-highest percentage of respondents who said they used or owned cryptocurrency in the past year. However, many Vietnamese users are concerned about the government’s ability to regulate safe usage.
The country’s use of crypto-friendly products has grown since its adoption in 2021. The government even suggested investigating Bitcoin in more depth so the country can expand with the crypto in different industries.
Why is crypto adopted in so many countries?
Cryptocurrency is a new financial asset born in 2009. Thanks to the decentralized Blockchain system, most cryptocurrencies lack a central authority, payment provider, or company owner. And as it is peer-to-peer, people can deal directly. Straightforward and private transactions, security, short settlement times, low fees, and other advantages make crypto the best currency for countries and companies to conduct their businesses. Among such businesses, we should note gambling, which we will shortly discuss in the following paragraph.
Gambling in crypto-friendly countries
All the benefits and qualities mentioned above make crypto an excellent payment option for many industries, including online gambling. As a result, more and more casinos are beginning to accept Bitcoins as a form of payment. One of the best examples of such Bitcoin casino is FortuneJack, which is, without a doubt, one of the first crypto casinos on the globe. It is licensed in Curacao and offers several advantages and bonuses that you may find at their website.
As we can see, in recent years, Bitcoin adoption has soared. The diversity of nations that contributed to this shows that cryptocurrency is already a genuinely global phenomenon, which covers many industries, among which is gambling.