Emerging nations more open to cryptocurrency, see long-term potential

Emerging markets are more open towards cryptocurrency than developed nations, with residents in the former more likely to have invested in it. Those in developing Asia-Pacific nations are most familiar with cryptocurrency and have plans to set aside 22% of their investible assets for the digital currencies. 

In fact, 46% of residents in emerging Asia-Pacific markets already had invested in crypto, compared to 26% of their peers in the region’s developed nations. Some 39% in Latin America had done likewise as well as 27% in EMEA, according to new research from consumer analyst firm, Toluna. The global survey polled 9,000 respondents aged between 18 and 64 from 17 markets across four regions. Some 5,000 were from nine Asia-Pacific nations, including Singapore, Australia, Thailand, India, and Indonesia. Six markets were from EMEA including Germany, France, and the UK. 

The study revealed that respondents from emerging markets were more receptive to crypto, with 41% from these nations invested in it compared to 22% from developed markets. The former also had more trust in digital currencies at 32%, compared to 14% in developed nations, and less likely to see crypto as a risky investment at 25% whereas 42% of their peers from

Read More: https://www.zdnet.com/finance/banking/emerging-nations-more-open-to-cryptocurrency-see-long-term-potential/#ftag=RSSbaffb68