Report: Emerging Markets Lead in Cryptocurrency Adoption in 2024
According to a survey report released by Consensys, emerging markets will lead in cryptocurrency adoption by 2024. At least half of the respondents from Nigeria (84%), South Africa (66%), Vietnam (60%), Philippines (54%) and India (50%) stated they would own a crypto wallet by 2024. Turkey and the United States also ranked high, with 44% and 43% of respondents respectively stating they owned wallets. The ownership of cryptocurrencies in several countries is expected to increase in 2024, with Mexico increasing by 8%, the Philippines and South Africa each increasing by 7%, followed by Germany at an increase of 5%, and Japan at an increase of 4%. According to the survey, about forty percent of respondents own or have previously purchased cryptocurrencies. This proportion is lower in Japan, Argentina, Canada, France, Italy and UK where less than one third of respondents have ever purchased any digital assets.
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