People in emerging countries are flocking to cryptocurrencies as a way to circumvent an often unreliable and expensive official monetary system. This trend was confirmed by the adoption of bitcoin by El Salvador.

The adoption rate of digital currencies is very high in emerging countries, such as Vietnam, Venezuela, and Pakistan. In El Salvador, bitcoin becomes legal tender. A world first which confirms the growing weight of cryptocurrencies in the world of currencies. Of the 154 countries analyzed by the blockchain specialist Chainalysis, those where cryptocurrencies are most widely used today are Vietnam, India and Pakistan. Next in the top 20 are several African countries such as Kenya, Nigeria or Togo, or even Latin American countries (Venezuela, Argentina, Colombia). The adoption rate of digital currencies around the world jumped 881% from the end of the second quarter of 2020 to the same period this year. But the ranking shows the dominance of emerging countries, ahead of the United States and China (respectively 8th and 13th in the top 20).