As per a recent survey conducted at a global level, the countries with the highest use of cryptocurrency per capita are Nigeria, Vietnam, Philippines, Turkey, Peru, Switzerland. You can read about the Bitcoin: Notes for UPSC Exam in the given link.
Remittance plays a huge role in the causes for adoption of cryptocurrency. Very large multinational companies like Burger King have started accepting payments in bitcoin in locations like Venezuela. From the survey, it was found that Japan uses the least number of people adopting or using crypto currencies. Apart from bitcoins, the other popular crypto currencies are Dogecoin, Maker, Ethereum, Dash.
Further readings:
- Cryptocurrency: Definition, Advantages & Disadvantages
- India Report on Digital Education 2020 [UPSC Notes]
Comments