A new report by blockchain analytics firm Chainalysis highlights the rapid growth of cryptocurrency adoption in emerging markets, particularly in regions like Latin America, Africa, and Southeast Asia.
The report reveals that countries facing economic instability and high inflation rates are seeing increased use of crypto for remittances, savings, and everyday transactions.
Nigeria, Argentina, and Vietnam are among the countries with the highest levels of crypto adoption, driven by a combination of inflation concerns and limited access to traditional financial services.
The report suggests that crypto is becoming a lifeline for many in these regions, providing a decentralized alternative to volatile local currencies and offering access to global financial networks.
