A new study from a digital asset payments firm reveals that hundreds of millions of people around the globe are using cryptocurrency.
Singapore-based TripleA says the firm gathered data from more than a dozen reports and surveys to “obtain the most encompassing and accurate set of statistics” for their study.
According to the firm’s research, global crypto ownership rates stood at an average of 4.2% as of this year, translating to more than 320 million digital asset users worldwide.
Leading the charge of global crypto adoption is the US with 46 million users, followed by India and Pakistan with 27 million and 26 million users, respectively.
By continent, the study reveals that Asia is ahead of the curve with 130 million crypto users. Africa grabs the second spot with 53 million crypto users followed by North America’s 51 million users.
According to the study, the growth of crypto users since 2014 appears to be following the trajectory of internet adoption in the 1990s.
As for Bitcoin (BTC), the study highlights that the value of the leading crypto by market cap grew a staggering 540,000% from 2012 to 2021.
“Bitcoin reached an annual growth rate of 60% in 2021 and the cryptocurrency market is predicted to grow with a compound annual growth rate of 56.4% from 2019 to 2025.”
Looking at the impact of crypto across various industry, the study highlights that 85% of businesses based in the US say enabling digital asset payments is a high priority. In addition, businesses that accept crypto payments witnessed a 327% increase in return on investment on average and a surge of up to 40% of new customers.
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