A recent survey published by Statista, one of the world’s largest and leading providers of markets and consumer data, shows that Africa is one of the leading places where crypto is most likely to be used.
Out of 65 countries from the survey, Nigeria and South Africa, the two largest economies in Africa, were among the top 3 countries globally where respondents were most likely to have used or owned cryptocurrencies in 2020.
The report lists the top 10 countries where crypto is most popular in 2020 as shown below:
- Nigeria – 32%
- Vietnam – 21%
- South Africa – 17%
- Turkey – 16%
- Peru – 16%
- Spain – 10%
- China – 8%
- U.S. – 7%
- Germany – 6%
- Japan – 4%
What country do you think has the potential to steal its spot? Comment👇 pic.twitter.com/tN8XS81cJm
— OKEx (@OKEx) August 30, 2020
The Statista report shows that reliance on remittances and the prevalence of peer-to-peer mobile payments have led to the steep rise of cryptocurrency use in Africa.
The report showed that African and Asian countries scored higher than European and English-speaking nations, where crypto adoption is still very low.
Among the nations with the lowest number of people to have dealt with crypto include Japan (4%), Sweden, and Denmark.
The above statistics seem to coincide with Bitcoin searches which show that Africa is leading in Google searching rankings for the term Bitcoin as shown below: