{"id":870,"date":"2019-10-30T11:07:37","date_gmt":"2019-10-30T18:07:37","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=870"},"modified":"2019-10-30T11:35:27","modified_gmt":"2019-10-30T18:35:27","slug":"global-crypto-adoption","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2019\/10\/30\/global-crypto-adoption\/","title":{"rendered":"Global Crypto Adoption"},"content":{"rendered":"<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Cryptocurrencies have grown from a niche underground market to become a diverse financial industry with many applications in daily life and in economics.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">The cryptocurrencies in circulation are versatile, and can be utilized as a store-of-value, investment, and \/or as a currency to facilitate the exchange of goods and services.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Growth has been a steady progression on multiple fronts for the market. Adoption has been growing at a faster rate than before since 2017, due to an increase in mainstream awareness.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/coinmetrics.io\/charts\/#assets=btc,bch,ltc,eth_left=TxCnt_zoom=1279411200000,1571097600000\"><img loading=\"lazy\" class=\"aligncenter wp-image-894\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmetric.io-transaction-count.jpg\" alt=\"\" width=\"795\" height=\"286\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmetric.io-transaction-count.jpg 1123w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmetric.io-transaction-count-300x108.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmetric.io-transaction-count-768x276.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmetric.io-transaction-count-1024x368.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmetric.io-transaction-count-260x94.jpg 260w\" sizes=\"(max-width: 795px) 100vw, 795px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">As of now, Bitcoin alone has completed and recorded more than 400 million transactions. The daily transactions of BTC is currently an average of 350k transactions per day or 15k\/hr. That\u2019s about 4 transactions per second for Bitcoin.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/coinmarketcap.com\/charts\/\"><img loading=\"lazy\" class=\"aligncenter wp-image-893\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmarketcap-market-dominance.jpg\" alt=\"\" width=\"828\" height=\"352\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmarketcap-market-dominance.jpg 1112w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmarketcap-market-dominance-300x128.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmarketcap-market-dominance-768x327.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmarketcap-market-dominance-1024x436.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmarketcap-market-dominance-260x111.jpg 260w\" sizes=\"(max-width: 828px) 100vw, 828px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Bitcoin dominance is currently 66.6% in a market of 2957 cryptocurrencies. Due to sheer influence, it is no surprise that BTC\u2019s metrics are often used to gauge the momentum and overall health of the industry.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">For BTC, and cryptocurrencies in general, one of the largest issues holding back user adoption interests early on was the lack of convenient access. <\/span><span style=\"font-weight: 400;\">That has changed since the installation of the first Bitcoin ATM (BTM) in 2013. Six years since that number has grown to be close to 6k BTMs worldwide.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/coinatmradar.com\/\"><img loading=\"lazy\" class=\"aligncenter wp-image-892\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-map.jpg\" alt=\"\" width=\"829\" height=\"398\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-map.jpg 946w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-map-300x144.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-map-768x369.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-map-260x125.jpg 260w\" sizes=\"(max-width: 829px) 100vw, 829px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Whilst the market of cryptocurrencies remains unpredictable, BTM growth remains steady. In fact, the number of BTMs have been doubling per annum in recent years.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/coinatmradar.com\/charts\/growth\/\"><img loading=\"lazy\" class=\"aligncenter wp-image-896\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-installations-growth-1.jpg\" alt=\"\" width=\"762\" height=\"352\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-installations-growth-1.jpg 1284w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-installations-growth-1-300x139.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-installations-growth-1-768x355.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-installations-growth-1-1024x473.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-installations-growth-1-260x120.jpg 260w\" sizes=\"(max-width: 762px) 100vw, 762px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Not only do these BTM serves as points of access and exchange for BTC, but support for other alternative cryptocurrencies as well; benefiting the entire crypto sphere and easing <\/span><span style=\"font-weight: 400;\">user adoption.<\/span><\/p>\n<p style=\"text-align: center;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <a href=\"https:\/\/coinatmradar.com\/charts\/net-growth\/\"><img loading=\"lazy\" class=\"wp-image-889 size-full aligncenter\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-net-change.jpg\" alt=\"\" width=\"531\" height=\"354\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-net-change.jpg 531w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-net-change-300x200.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-net-change-260x173.jpg 260w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<a href=\"https:\/\/coinatmradar.com\/charts\/cryptocurrency-share\/\"><img loading=\"lazy\" class=\"wp-image-890 size-full aligncenter\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-supported-crypto.jpg\" alt=\"\" width=\"532\" height=\"354\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-supported-crypto.jpg 532w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-supported-crypto-300x200.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinatmradar-btm-supported-crypto-260x173.jpg 260w\" sizes=\"(max-width: 532px) 100vw, 532px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Approximately 70.6% of BTMs support alternate cryptocurrencies. 68.5% support Litecoin, 59.7% supports Ether, and 40.2% supports BCH. Each averaging +10% growth compared to last month.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Despite progress, in contrast to mainstream and traditional financial platforms, the volume of cryptocurrencies is still very insignificant.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">According to the Global Findex database, 69% of adults in the world currently have access to and are using financial institutions or mobile money services.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">In comparison, only about ~1% of the global population is using cryptocurrencies.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/bitcoinist.com\/bitcoin-adoption-visual-map\/\"><img loading=\"lazy\" class=\"aligncenter wp-image-888\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/bitcoinist-adoption-visual-map.jpg\" alt=\"\" width=\"732\" height=\"402\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/bitcoinist-adoption-visual-map.jpg 1152w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/bitcoinist-adoption-visual-map-300x165.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/bitcoinist-adoption-visual-map-768x422.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/bitcoinist-adoption-visual-map-1024x563.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/bitcoinist-adoption-visual-map-260x143.jpg 260w\" sizes=\"(max-width: 732px) 100vw, 732px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">In America alone, traditional financial institutions still reign supreme. The same rate of adoption among U.S consumers can be assumed of countries with similar economies.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.frbatlanta.org\/-\/media\/documents\/banking\/consumer-payments\/survey-of-consumer-payment-choice\/2018\/2018-survey-of-consumer-payment-choice.pdf\"><img loading=\"lazy\" class=\"aligncenter wp-image-887\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-adoption-of-payment-instruments.jpg\" alt=\"\" width=\"754\" height=\"419\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-adoption-of-payment-instruments.jpg 1137w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-adoption-of-payment-instruments-300x167.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-adoption-of-payment-instruments-768x427.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-adoption-of-payment-instruments-1024x569.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-adoption-of-payment-instruments-260x145.jpg 260w\" sizes=\"(max-width: 754px) 100vw, 754px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">From 2017 &#8211; 2018, there was a noticeable decline in consumers\u2019 use of cash and check. Meanwhile, although the shares of digital and mobile payments both increased after 2015, the minimal growth of these transactions from 2017 to 2018, reflects that <\/span><span style=\"font-weight: 400;\">consumer behavior is generally slow to change.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Since 2008, use of paper payment methods such as cash and checks has been on a decline. By mode, card payments are the preferred payment method. In a typical month, 60% of an average consumer\u2019s transactions are done using a credit, debit, or pre-paid card.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.frbatlanta.org\/-\/media\/documents\/banking\/consumer-payments\/survey-of-consumer-payment-choice\/2018\/2018-survey-of-consumer-payment-choice.pdf\"><img loading=\"lazy\" class=\"aligncenter wp-image-886\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-share-of-consumer-payment-types-in-a-month.jpg\" alt=\"\" width=\"733\" height=\"440\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-share-of-consumer-payment-types-in-a-month.jpg 1156w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-share-of-consumer-payment-types-in-a-month-300x180.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-share-of-consumer-payment-types-in-a-month-768x461.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-share-of-consumer-payment-types-in-a-month-1024x615.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/2018-survey-of-consumer-payment-choice-share-of-consumer-payment-types-in-a-month-260x156.jpg 260w\" sizes=\"(max-width: 733px) 100vw, 733px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">According to the Census Bureau, there were 189 million adults with credit card accounts in the United States, compared to a University of Cambridge estimates of 2.9 to 5.8 million cryptocurrency users in 2017. In the same year, The Boston Federal Reserve determined that 75.7% of consumers have at least one credit card.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Out of four major card networks, VISA is the most widely used with a 53.1% dominance in terms of Network Purchase Volume. 49.7% of cards in circulation is a VISA card, and 48.4% of credit cards\u2019 Outstanding Balance belongs to the company as well.<\/span><\/p>\n<p style=\"text-align: center;\" data-wp-editing=\"1\"><img loading=\"lazy\" class=\"alignnone wp-image-883 size-full\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-market-share-based-by-cards-in-circulation.jpg\" alt=\"\" width=\"626\" height=\"391\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-market-share-based-by-cards-in-circulation.jpg 626w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-market-share-based-by-cards-in-circulation-300x187.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-market-share-based-by-cards-in-circulation-260x162.jpg 260w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/> <img loading=\"lazy\" class=\"alignnone wp-image-884 size-full\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-marketshare-by-outstanding-balance.jpg\" alt=\"\" width=\"523\" height=\"322\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-marketshare-by-outstanding-balance.jpg 523w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-marketshare-by-outstanding-balance-300x185.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-marketshare-by-outstanding-balance-260x160.jpg 260w\" sizes=\"(max-width: 523px) 100vw, 523px\" \/><\/p>\n<p style=\"text-align: center;\" data-wp-editing=\"1\"><img loading=\"lazy\" class=\"alignnone wp-image-885 size-full\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-market-share-by-network-purchase-volume.jpg\" alt=\"\" width=\"624\" height=\"384\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-market-share-by-network-purchase-volume.jpg 624w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-market-share-by-network-purchase-volume-300x185.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-market-share-by-network-purchase-volume-260x160.jpg 260w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/> <img loading=\"lazy\" class=\"alignnone wp-image-882 size-full\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-networks-purchase-volume.jpg\" alt=\"\" width=\"448\" height=\"412\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-networks-purchase-volume.jpg 448w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-networks-purchase-volume-300x276.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/wallet-hub-credit-card-networks-purchase-volume-217x200.jpg 217w\" sizes=\"(max-width: 448px) 100vw, 448px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Currently, VISA claims to handle an average of 150 million transactions-per-day (tps). <\/span><span style=\"font-weight: 400;\">That is roughly 1,700 tps, in comparison to Bitcoin\u2019s 3.8 tps, and Ethereum\u2019s 8.1 tps.\u00a0<\/span><span style=\"font-weight: 400;\">The total Purchase Volume of credit cards amounted to $3684 billion, in contrast to the $250 billion market cap of crypto in 2018.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">However, even though the majority of market shares is dominated by traditional institutions, there is room for the user base of cryptocurrencies to grow. According to the Global Index database, about 1.7 billion adults remains unbanked in 2017.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/globalfindex.worldbank.org\/sites\/globalfindex\/files\/chapters\/2017%20Findex%20full%20report_chapter2.pdf\"><img loading=\"lazy\" class=\"aligncenter wp-image-881\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-population-map.jpg\" alt=\"\" width=\"655\" height=\"391\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-population-map.jpg 1089w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-population-map-300x179.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-population-map-768x458.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-population-map-1024x611.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-population-map-260x155.jpg 260w\" sizes=\"(max-width: 655px) 100vw, 655px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">With 225 million people, China claims the world\u2019s largest unbanked population, followed by India with 190 million, Pakistan at 100 million, and Indonesia with 95 million. These four economies, together with Nigeria, <\/span><span style=\"font-weight: 400;\">Mexico and Bangladesh, make up nearly half the world\u2019s unbanked population.<\/span><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" class=\"alignnone wp-image-880 \" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-economy-population-.jpg\" alt=\"\" width=\"505\" height=\"378\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-economy-population-.jpg 638w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-economy-population--120x90.jpg 120w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-economy-population--300x225.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-economy-population--260x195.jpg 260w\" sizes=\"(max-width: 505px) 100vw, 505px\" \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <img loading=\"lazy\" class=\"alignnone wp-image-879 \" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-richest-poorest-economy-population-.jpg\" alt=\"\" width=\"376\" height=\"386\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-richest-poorest-economy-population-.jpg 465w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-richest-poorest-economy-population--292x300.jpg 292w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-unbanked-richest-poorest-economy-population--195x200.jpg 195w\" sizes=\"(max-width: 376px) 100vw, 376px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Generally, account ownership is nearly universal (94%) in high-income economies, compared to (63%) in developing economies classified as low or middle income. There is a wide variation in account ownership across multiple economies, which can vary from about 20% in Cambodia, Mauritania, and Pakistan to as high as 93% in Mongolia.<\/span><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" class=\"aligncenter wp-image-878 \" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-account-ownership-distribution-throughout-economies.jpg\" alt=\"\" width=\"570\" height=\"303\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-account-ownership-distribution-throughout-economies.jpg 1055w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-account-ownership-distribution-throughout-economies-300x160.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-account-ownership-distribution-throughout-economies-768x408.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-account-ownership-distribution-throughout-economies-1024x545.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-findex-report-account-ownership-distribution-throughout-economies-260x138.jpg 260w\" sizes=\"(max-width: 570px) 100vw, 570px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Whilst they are not the majority, the unbanked still represents a large number of the global population. And it is within these communities that interest in cryptocurrencies is being fostered.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Countries with less privileged economies may not be able to afford to drive adoption progress on a global scale, but the individuals of such economies are ones the cryptocurrency industry can benefit.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/trends.google.com\/trends\/explore?q=bitcoin\"><img loading=\"lazy\" class=\"aligncenter wp-image-877\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/google-trend-btc-interests.jpg\" alt=\"\" width=\"893\" height=\"256\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/google-trend-btc-interests.jpg 1141w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/google-trend-btc-interests-300x86.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/google-trend-btc-interests-768x220.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/google-trend-btc-interests-1024x293.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/google-trend-btc-interests-260x75.jpg 260w\" sizes=\"(max-width: 893px) 100vw, 893px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">For example, access to electricity and hardware is still a luxury in many places in Africa, making it infeasible to run BTC nodes on the continent. Yet, 3 of the top 5 countries on Google Trends for Bitcoin interests are from Africa, including Nigeria &#8211; which has a &lt;0.01% BTC adoption rate.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/coin.dance\/volume\/localbitcoins\/VES\"><img loading=\"lazy\" class=\"aligncenter wp-image-876\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/localbitcoin-venezuela-btc-volume.jpg\" alt=\"\" width=\"707\" height=\"377\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/localbitcoin-venezuela-btc-volume.jpg 904w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/localbitcoin-venezuela-btc-volume-300x160.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/localbitcoin-venezuela-btc-volume-768x409.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/localbitcoin-venezuela-btc-volume-260x139.jpg 260w\" sizes=\"(max-width: 707px) 100vw, 707px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">In countries where their economies\u2019 fiat has failed, the populace has also turned to cryptocurrencies. After the Venezuelan Bolivar\u2019s hyperinflation, cryptocurrencies\u2019 volume in the countries soared. <\/span><span style=\"font-weight: 400;\">Interestingly, countries that have restricted the use of cryptocurrencies, such as China and Iceland, are usually the leaders in mining.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/howmuch.net\/articles\/bitcoin-legality-around-the-world\"><img loading=\"lazy\" class=\"aligncenter wp-image-875\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-btc-legality.jpg\" alt=\"\" width=\"733\" height=\"430\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-btc-legality.jpg 948w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-btc-legality-300x176.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-btc-legality-768x450.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/global-btc-legality-260x152.jpg 260w\" sizes=\"(max-width: 733px) 100vw, 733px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Whereas, most of SE Asia are more engaged in remittance. Japan and the Netherlands are taking the initiative in accepting crypto for goods and services, whilst the BTM focus in the U.S and Switzerland places more emphasis on building crypto-based businesses.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Crypto adoption can be measured with more than nodes distributions, BTMs placements, market shares dominance. It also involves aspects such as infrastructure support, mining, remittance and acceptance as payments. <\/span><span style=\"font-weight: 400;\">Compared to just over 8,000 venues accepting cryptocurrencies in 2017, there are now currently about 15,541 venues taking cryptocurrencies worldwide.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/coinmap.org\/view\/#\/map\/50.09996918\/14.46910948\/17\"><img loading=\"lazy\" class=\"aligncenter wp-image-874 size-full\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmap-btc-merchant-map.jpg\" alt=\"\" width=\"1155\" height=\"590\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmap-btc-merchant-map.jpg 1155w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmap-btc-merchant-map-300x153.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmap-btc-merchant-map-768x392.jpg 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmap-btc-merchant-map-1024x523.jpg 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coinmap-btc-merchant-map-260x133.jpg 260w\" sizes=\"(max-width: 1155px) 100vw, 1155px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">According to a Marketing Manager at CoinGate and Coinmap\u2019s database, the numbers of new vendors are growing at an average of 20-30 per day. Within the past six years, the number of crypto-accepting merchants has exploded by more than 700%. A significant surge has also been noted in the growing variety of business from new regions and unexpected industries.<\/span><\/p>\n<p style=\"text-align: center;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<a href=\"https:\/\/blog.coingate.com\/wp-content\/uploads\/2019\/01\/CGMAP.png\"><img loading=\"lazy\" class=\"alignnone wp-image-873 size-full\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coingate-crypto-businesses-.jpg\" alt=\"\" width=\"474\" height=\"454\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coingate-crypto-businesses-.jpg 474w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coingate-crypto-businesses--300x287.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/coingate-crypto-businesses--209x200.jpg 209w\" sizes=\"(max-width: 474px) 100vw, 474px\" \/><\/a>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<a href=\"https:\/\/blog.coingate.com\/wp-content\/uploads\/2019\/01\/CGMAP.png\"><img loading=\"lazy\" class=\"alignnone wp-image-872 size-full\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/crypto-business-.jpg\" alt=\"\" width=\"665\" height=\"454\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/crypto-business-.jpg 665w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/crypto-business--300x205.jpg 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/crypto-business--260x178.jpg 260w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><em><span style=\"font-weight: 400;\">Crypto friendly businesses typically provide digital services and products, and\/or are related to the digital field in various aspects.<\/span><\/em><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">As of 2019, over 13 mainstream companies have started to accept cryptocurrencies in exchange for their services. Microsoft has been accepting BTC in it\u2019s Xbox Store since 2014. Newegg, a company well known for computer hardware, also views Bitcoin as a valid payment method. Overstock accepts multiple cryptocurrencies as well.<\/span><\/p>\n<h2 style=\"text-align: left;\">Sources:<\/h2>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/bitpay-launches-support-ethereum-135327097.html\"><span style=\"font-weight: 400;\">https:\/\/finance.yahoo.com\/news\/bitpay-launches-support-ethereum-135327097.html<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coin.dance\/volume\/localbitcoins\"><span style=\"font-weight: 400;\">https:\/\/coin.dance\/volume\/localbitcoins<\/span><\/a><\/p>\n<p><a href=\"https:\/\/bitinfocharts.com\/bitcoin\/\"><span style=\"font-weight: 400;\">https:\/\/bitinfocharts.com\/bitcoin\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coin.dance\/stats\"><span style=\"font-weight: 400;\">https:\/\/coin.dance\/stats<\/span><\/a><\/p>\n<p><a href=\"https:\/\/cryptalker.com\/bitcoin-adoption\/\"><span style=\"font-weight: 400;\">https:\/\/cryptalker.com\/bitcoin-adoption\/<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/a><a href=\"https:\/\/www.sec.gov\/comments\/sr-nysearca-2019-01\/srnysearca201901-5164833-183434.pdf\"><span style=\"font-weight: 400;\">https:\/\/www.sec.gov\/comments\/sr-nysearca-2019-01\/srnysearca201901-5164833-183434.pdf<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/ktorpey\/2019\/04\/22\/3-key-drivers-behind-bitcoins-price-and-potential-mass-adoption-over-the-next-5-years\/#a9e1239ae7ee\"><span style=\"font-weight: 400;\">https:\/\/www.forbes.com\/sites\/ktorpey\/2019\/04\/22\/3-key-drivers-behind-bitcoins-price-and-potential-mass-adoption-over-the-next-5-years\/#a9e1239ae7ee<\/span><\/a><\/p>\n<p><a href=\"https:\/\/data.bitcoinity.org\/markets\/volume\/30d?c=e&amp;t=b\"><span style=\"font-weight: 400;\">https:\/\/data.bitcoinity.org\/markets\/volume\/30d?c=e&amp;t=b<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinmarketcap.com\/charts\/\"><span style=\"font-weight: 400;\">https:\/\/coinmarketcap.com\/charts\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/d8jwqe\/adoption_in_france_starting_next_year_youll_be\/\"><span style=\"font-weight: 400;\">https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/d8jwqe\/adoption_in_france_starting_next_year_youll_be\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.coinspeaker.com\/bitcoin-depot-crypto-atm\/\"><span style=\"font-weight: 400;\">https:\/\/www.coinspeaker.com\/bitcoin-depot-crypto-atm\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinmetrics.io\/charts\/#assets=btc,bch,ltc,eth_left=TxCnt_zoom=1279411200000,1571097600000\"><span style=\"font-weight: 400;\">https:\/\/coinmetrics.io\/charts\/#assets=btc,bch,ltc,eth_left=TxCnt_zoom=1279411200000,1571097600000<\/span><\/a><\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/bitcoin-adoption-visual-map\/\"><span style=\"font-weight: 400;\">https:\/\/bitcoinist.com\/bitcoin-adoption-visual-map\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/billybambrough\/2019\/04\/10\/bitcoin-just-crossed-a-huge-adoption-milestone\/#76f41ccc5295\"><span style=\"font-weight: 400;\">https:\/\/www.forbes.com\/sites\/billybambrough\/2019\/04\/10\/bitcoin-just-crossed-a-huge-adoption-milestone\/#76f41ccc5295<\/span><\/a><\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/bitcoin-adoption-visual-map\/\"><span style=\"font-weight: 400;\">https:\/\/bitcoinist.com\/bitcoin-adoption-visual-map\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinatmradar.com\/charts\/growth\/\"><span style=\"font-weight: 400;\">https:\/\/coinatmradar.com\/charts\/growth\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.inc.com\/kenny-kline\/how-this-company-is-spurring-bitcoin-adoption-in-chicago-beyond.html\"><span style=\"font-weight: 400;\">https:\/\/www.inc.com\/kenny-kline\/how-this-company-is-spurring-bitcoin-adoption-in-chicago-beyond.html<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinatmradar.com\/blog\/bitcoin-atms-industry-overview-after-2-years-since-first-launch\/\"><span style=\"font-weight: 400;\">https:\/\/coinatmradar.com\/blog\/bitcoin-atms-industry-overview-after-2-years-since-first-launch\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinatmradar.com\/blog\/bitcoin-atm-market-dynamics-september-2019\/\"><span style=\"font-weight: 400;\">https:\/\/coinatmradar.com\/blog\/bitcoin-atm-market-dynamics-september-2019\/<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/a><a href=\"https:\/\/www.cryptoglobe.com\/latest\/2019\/09\/number-of-bitcoin-atms-up-500-percent-since-2016\/\"><span style=\"font-weight: 400;\">https:\/\/www.cryptoglobe.com\/latest\/2019\/09\/number-of-bitcoin-atms-up-500-percent-since-2016\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinatmradar.com\/charts\/\"><span style=\"font-weight: 400;\">https:\/\/coinatmradar.com\/charts\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinatmradar.com\/charts\/geo-distribution\/\"><span style=\"font-weight: 400;\">https:\/\/coinatmradar.com\/charts\/geo-distribution\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinatmradar.com\/blog\/bitcoin-atm-market-dynamics-september-2019\/\"><span style=\"font-weight: 400;\">https:\/\/coinatmradar.com\/blog\/bitcoin-atm-market-dynamics-september-2019\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinmap.org\/#\/world\/18.56294744\/13.88671875\/3\"><span style=\"font-weight: 400;\">https:\/\/coinmap.org\/#\/world\/18.56294744\/13.88671875\/3<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.quora.com\/How-many-merchants-accept-Bitcoin#targetText=We%20don't%20have%20the%20stats%20for%20global%20crypto%20acceptance,new%20vendors%20joining%20every%20day.\"><span style=\"font-weight: 400;\">https:\/\/www.quora.com\/How-many-merchants-accept-Bitcoin#targetText=We%20don&#8217;t%20have%20the%20stats%20for%20global%20crypto%20acceptance,new%20vendors%20joining%20every%20day.<\/span><\/a><\/p>\n<p><a href=\"https:\/\/blog.coingate.com\/wp-content\/uploads\/2019\/01\/CGMAP.png\"><span style=\"font-weight: 400;\">https:\/\/blog.coingate.com\/wp-content\/uploads\/2019\/01\/CGMAP.png<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.lifewire.com\/big-sites-that-accept-bitcoin-payments-3485965\"><span style=\"font-weight: 400;\">https:\/\/www.lifewire.com\/big-sites-that-accept-bitcoin-payments-3485965<\/span><\/a><\/p>\n<p><a href=\"https:\/\/blog.blockonomics.co\/will-more-retailers-start-accepting-crypto-in-2019-heres-what-the-data-predicts-fd0ff69f5cf\"><span style=\"font-weight: 400;\">https:\/\/blog.blockonomics.co\/will-more-retailers-start-accepting-crypto-in-2019-heres-what-the-data-predicts-fd0ff69f5cf<\/span><\/a><\/p>\n<p><a href=\"https:\/\/fortune.com\/2019\/05\/13\/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency\/\"><span style=\"font-weight: 400;\">https:\/\/fortune.com\/2019\/05\/13\/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/howmuch.net\/articles\/bitcoin-legality-around-the-world\"><span style=\"font-weight: 400;\">https:\/\/howmuch.net\/articles\/bitcoin-legality-around-the-world<\/span><\/a><\/p>\n<p><a href=\"http:\/\/onelovecrypto.com\/2018\/01\/03\/bitcoin-legal-bitcoin-legality-based-country\/\"><span style=\"font-weight: 400;\">http:\/\/onelovecrypto.com\/2018\/01\/03\/bitcoin-legal-bitcoin-legality-based-country\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/99bitcoins.com\/list-countries-banned-bitcoin\/#prettyPhoto\/0\/\"><span style=\"font-weight: 400;\">https:\/\/99bitcoins.com\/list-countries-banned-bitcoin\/#prettyPhoto\/0\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coin.dance\/volume\/localbitcoins\/VES\"><span style=\"font-weight: 400;\">https:\/\/coin.dance\/volume\/localbitcoins\/VES<\/span><\/a><\/p>\n<p><a href=\"https:\/\/bitnodes.earn.com\/?The\"><span style=\"font-weight: 400;\">https:\/\/bitnodes.earn.com\/?The<\/span><\/a><\/p>\n<p><a href=\"https:\/\/cryptalker.com\/bitcoin-adoption\/\"><span style=\"font-weight: 400;\">https:\/\/cryptalker.com\/bitcoin-adoption\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinmetrics.io\/charts\/#assets=btc,eth_left=TxCnt_zoom=1570637088000,1573229088000\"><span style=\"font-weight: 400;\">https:\/\/coinmetrics.io\/charts\/#assets=btc,eth_left=TxCnt_zoom=1570637088000,1573229088000<\/span><\/a><\/p>\n<p><a href=\"https:\/\/hackernoon.com\/the-blockchain-scalability-problem-the-race-for-visa-like-transaction-speed-5cce48f9d44\"><span style=\"font-weight: 400;\">https:\/\/hackernoon.com\/the-blockchain-scalability-problem-the-race-for-visa-like-transaction-speed-5cce48f9d44<\/span><\/a><\/p>\n<p><a href=\"https:\/\/usa.visa.com\/run-your-business\/small-business-tools\/retail.html\"><span style=\"font-weight: 400;\">https:\/\/usa.visa.com\/run-your-business\/small-business-tools\/retail.html<\/span><\/a><\/p>\n<p><a href=\"https:\/\/wallethub.com\/edu\/cc\/market-share-by-credit-card-network\/25531\/\"><span style=\"font-weight: 400;\">https:\/\/wallethub.com\/edu\/cc\/market-share-by-credit-card-network\/25531\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.creditcards.com\/credit-card-news\/ownership-statistics.php\"><span style=\"font-weight: 400;\">https:\/\/www.creditcards.com\/credit-card-news\/ownership-statistics.php<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.bostonfed.org\/publications\/research-data-report\/2017\/the-2015-survey-of-consumer-payment-choice-summary-results.aspx\"><span style=\"font-weight: 400;\">https:\/\/www.bostonfed.org\/publications\/research-data-report\/2017\/the-2015-survey-of-consumer-payment-choice-summary-results.aspx<\/span><\/a><\/p>\n<p><a href=\"https:\/\/globalfindex.worldbank.org\/\"><span style=\"font-weight: 400;\">https:\/\/globalfindex.worldbank.org\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/globalfindex.worldbank.org\/sites\/globalfindex\/files\/chapters\/2017%20Findex%20full%20report_chapter1.pdf\"><span style=\"font-weight: 400;\">https:\/\/globalfindex.worldbank.org\/sites\/globalfindex\/files\/chapters\/2017%20Findex%20full%20report_chapter1.pdf<\/span><\/a><\/p>\n<p><a href=\"https:\/\/globalfindex.worldbank.org\/sites\/globalfindex\/files\/chapters\/2017%20Findex%20full%20report_chapter2.pdf\"><span style=\"font-weight: 400;\">https:\/\/globalfindex.worldbank.org\/sites\/globalfindex\/files\/chapters\/2017%20Findex%20full%20report_chapter2.pdf<\/span><\/a><\/p>\n<p><a href=\"https:\/\/usa.visa.com\/dam\/VCOM\/download\/corporate\/media\/visanet-technology\/aboutvisafactsheet.pdf\"><span style=\"font-weight: 400;\">https:\/\/usa.visa.com\/dam\/VCOM\/download\/corporate\/media\/visanet-technology\/aboutvisafactsheet.pdf<\/span><\/a><\/p>\n<p><a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:0mfZ_YpwQ5MJ:https:\/\/www.forbes.com\/sites\/jeffkauflin\/2019\/06\/11\/visa-targets-swift-with-new-blockchain-product-for-global-money-transfers\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us\"><span style=\"font-weight: 400;\">https:\/\/webcache.googleusercontent.com\/search?q=cache:0mfZ_YpwQ5MJ:https:\/\/www.forbes.com\/sites\/jeffkauflin\/2019\/06\/11\/visa-targets-swift-with-new-blockchain-product-for-global-money-transfers\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.frbatlanta.org\/banking-and-payments\/consumer-payments\/survey-of-consumer-payment-choice\/2018-survey.aspx\"><span style=\"font-weight: 400;\">https:\/\/www.frbatlanta.org\/banking-and-payments\/consumer-payments\/survey-of-consumer-payment-choice\/2018-survey.aspx<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.frbatlanta.org\/-\/media\/documents\/banking\/consumer-payments\/survey-of-consumer-payment-choice\/2018\/2018-survey-of-consumer-payment-choice.pdf\"><span style=\"font-weight: 400;\">https:\/\/www.frbatlanta.org\/-\/media\/documents\/banking\/consumer-payments\/survey-of-consumer-payment-choice\/2018\/2018-survey-of-consumer-payment-choice.pdf<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.creditcards.com\/credit-card-news\/ownership-statistics.php\"><span style=\"font-weight: 400;\">https:\/\/www.creditcards.com\/credit-card-news\/ownership-statistics.php<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coinmarketcap.com\/charts\/\"><span style=\"font-weight: 400;\">https:\/\/coinmarketcap.com\/charts\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/google-trends-bitcoin-price-6\/\"><span style=\"font-weight: 400;\">https:\/\/bitcoinist.com\/google-trends-bitcoin-price-6\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/bitcoin-adoption-visual-map\/\"><span style=\"font-weight: 400;\">https:\/\/bitcoinist.com\/bitcoin-adoption-visual-map\/<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrencies have grown from a niche underground market to become a diverse financial industry with many applications in daily life and in economics. The cryptocurrencies in circulation are versatile, and can be utilized as a store-of-value, investment, and \/or as a currency to facilitate the exchange of goods and services. Growth has been a steady<\/p>\n","protected":false},"author":4,"featured_media":903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[30,52],"tags":[82,81,79,80],"jetpack_featured_media_url":"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/pexels-photo-220201-e1571958449754.jpeg","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global Crypto Adoption &bull; SynQ<\/title>\n<meta name=\"description\" content=\"An in-depth analysist of global cryptocurrency adoption vs. traditional institutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/synq.tech\/a\/2019\/10\/30\/global-crypto-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Crypto Adoption &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"An in-depth analysist of global cryptocurrency adoption vs. traditional institutions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/synq.tech\/a\/2019\/10\/30\/global-crypto-adoption\/\" \/>\n<meta property=\"og:site_name\" content=\"SynQ\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synq.suite\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-30T18:07:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-30T18:35:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/pexels-photo-220201-e1571958449754.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1278\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synqsuite\" \/>\n<meta name=\"twitter:site\" content=\"@synqsuite\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/synq.tech\/a\/#organization\",\"name\":\"SynQ\",\"url\":\"https:\/\/synq.tech\/a\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/synq.suite\/\",\"https:\/\/instagram.com\/synqio\",\"https:\/\/www.linkedin.com\/company\/csq-holdings-llc\",\"https:\/\/www.youtube.com\/channel\/UCE5zXkohdP_uGIky0X1YDGA\",\"https:\/\/twitter.com\/synqsuite\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/synq.tech\/a\/#logo\",\"inLanguage\":\"en-CA\",\"url\":\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/08\/synq.png\",\"width\":3880,\"height\":1648,\"caption\":\"SynQ\"},\"image\":{\"@id\":\"https:\/\/synq.tech\/a\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/synq.tech\/a\/#website\",\"url\":\"https:\/\/synq.tech\/a\/\",\"name\":\"SynQ\",\"description\":\"The Leader in Crypto Forecasting\",\"publisher\":{\"@id\":\"https:\/\/synq.tech\/a\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/synq.tech\/a\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/synq.tech\/a\/2019\/10\/30\/global-crypto-adoption\/#primaryimage\",\"inLanguage\":\"en-CA\",\"url\":\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2019\/10\/pexels-photo-220201-e1571958449754.jpeg\",\"width\":1920,\"height\":1278},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/synq.tech\/a\/2019\/10\/30\/global-crypto-adoption\/#webpage\",\"url\":\"https:\/\/synq.tech\/a\/2019\/10\/30\/global-crypto-adoption\/\",\"name\":\"Global Crypto Adoption &bull; 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