Peru, India, Indonesia, Nigeria Among Countries With Highest Crypto Usage Increase

Peru, India, Indonesia, and Nigeria are among the countries with the biggest increase in crypto wallet creation based on data from Blockchain.com, which has over 52 million wallets created by users worldwide. Nigeria has been the most trending country in recent months, with a 60% increase since April.

Trending Countries in Crypto Space

Blockchain.com revealed last week the most trending countries based on its web wallet creation. Currently, the total number of unique Blockchain wallets created is more than 52 million.

“In July we saw a number of countries increase their fraction of total Blockchain wallet transactions, most notably Peru, India, and Indonesia,” the company described. Other countries that made the top 10 list of increased transactions are Côte d’Ivoire, Nigeria, Japan, the Philippines, Venezuela, Bangladesh, and Bulgaria.

“Japan is once again in the top 10, while Hong Kong and Morocco haven’t been as active in the past two months,” the firm continued. The top countries with a decrease in Blockchain wallet creation are South Korea, Denmark, Morocco, Dominican Republic, Hong Kong, Kenya, Moldova, Brazil, Vietnam, and the United Arab Emirates.

Peru, India, Indonesia, Nigeria Among Countries With Highest Crypto Usage Increase
List of trending countries by Blockchain.com.

The firm’s data science team highlighted Nigeria as the most trending country since April, coinciding with Google search data which pointed to Nigeria as the country with the most relative interest in bitcoin. Blockchain.com provides a Bitcoin block explorer service, a cryptocurrency wallet, and an exchange supporting bitcoin, bitcoin cash, and ethereum. The team revealed:

Nigeria has been the most trending country in recent months. It has increased by 60% its usage of Blockchain.com web wallet since April 2020.

Last month, Nigerian media reported that the Ministry of Justice had tabled before the National Assembly the bills that will provide the legal framework for bitcoin and other cryptocurrencies, citing the country’s Attorney General, Abubakar Malami….

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