Grassroots Crypto Adoption Being Led by Lower Middle-Income Nations Like India, Nigeria and Ukraine – Report - The Daily Hodl

The Daily Hodl
The Daily Hodl

19 Sep 2023 3:40 AM

The global economy has endured many challenges during the past few years, following the Covid-19 outbreak. We've all witnessed unprecedented levels of inflation as well as a lot of economic uncertainty....

  • The global economy has faced challenges due to the Covid-19 outbreak, including inflation and economic uncertainty.
  • The crypto and blockchain space has also been impacted, with the collapse of platforms like FTX, Three Arrows Capital, and Celsius.
  • However, a report indicates that decentralized digital currencies are being used for financial transactions, especially in lower middle-income nations.
  • LMI countries have seen steady crypto adoption, which is promising for the future potential of crypto.
  • Chainalysis believes there may be a combination of bottom-up and top-down crypto adoption in the future.

The sentiment of the article is generally positive, highlighting the potential of crypto adoption in lower middle-income nations and the future of the crypto industry.

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You May Ask

What challenges has the global economy faced in recent years?How has the crypto and blockchain space been affected by these challenges?Which income category has seen steady crypto adoption?What percentage of the global population lives in lower middle-income nations?What does Chainalysis believe about the future of crypto adoption?

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