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Finder’s Poll Shows Vietnam, Indonesia, and India Lead Crypto Adoption

Vietnam Crypto Adoption

Rate this post Finder’s survey of 42,000 people across 27 countries has revealed that emerging economies like Vietnam, Indonesia, and India are leading the world in terms of crypto adoption. The survey was part of Finder’s Cryptocurrency Ownership Report released on August 13.  To assure thorough reporting of crypto asset ownership, Finder interviewed between 1,160 and 2,511 respondents in all 27 countries on its list.  Poll Indicates Vietnam, Indonesia, and India Have the Highest Number of Crypto Owners The largest number of crypto owners in the world was concentrated in Vietnam, where 41% of respondents held digital assets. Meanwhile, both Indonesia and India ranked second in crypto ownership, with 30% of citizens claiming they had bought virtual currencies. Additionally, in all the countries included in the survey, men were more likely to purchase crypto assets than women. In fact, Vietnam not only has the highest crypto adoption but also the widest gender gap in asset ownership (9 -11%). This is similar to the trends observed in Singapore, the Philippines, and Ireland. Countries that have the lowest gender gap in crypto ownership include Portugal, South Korea, and New Zealand. Regarding the rise of crypto’s popularity in emerging economies, Finder’s report writer James Edwards noted: “Remittance payment may have played a significant role in these numbers, with cryptocurrency an option for migrants who want to send money home and avoid exchange fees.” UK, US, and Japan Show Lower Adoption Rates While crypto adoption rates are high throughout Asia, countries like Japan (11%) are still lagging in digital asset purchases.  Other countries that have a dismal number of crypto owners include Spain (12%), Germany (11%), the United States (9%), and the United Kingdom (8%). Interestingly, South American countries seemed to be increasingly open to cryptocurrencies. Most countries in the region were documented to have higher crypto adoption rates. Brazil, in particular, stood out with 22% of respondents admitting to digital asset ownership. Colombia and Venezuela also accounted for a large number of cryptocurrency users.  The region’s embrace of virtual currencies is absolutely understandable, given the impact of sky-rocketing inflation and strict capital controls.  The survey also revealed that Bitcoin was the still most widely accepted and used cryptocurrency across the world. Report writer Edwards highlighted: “Bitcoin still reigns supreme despite speculation that ethereum could become the most widely transacted cryptocurrency. Bitcoin had the highest adoption rates in every single country” 

The post Finder’s Poll Shows Vietnam, Indonesia, and India Lead Crypto Adoption appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Divya  |  Aug 16, 2021, 3:30 am
Finder’s Poll Shows Vietnam, Indonesia, and India Lead Crypto Adoption

Finder’s survey of 42,000 people across 27 countries has revealed that emerging economies like Vietnam, Indonesia, and India are leading the world in terms of crypto adoption. The survey was part of Finder’s Cryptocurrency Ownership Report released on August 13. 

To assure thorough reporting of crypto asset ownership, Finder interviewed between 1,160 and 2,511 respondents in all 27 countries on its list. 

Poll Indicates Vietnam, Indonesia, and India Have the Highest Number of Crypto Owners

The largest number of crypto owners in the world was concentrated in Vietnam, where 41% of respondents held digital assets. Meanwhile, both Indonesia and India ranked second in crypto ownership, with 30% of citizens claiming they had bought virtual currencies.

Additionally, in all the countries included in the survey, men were more likely to purchase crypto assets than women. In fact, Vietnam not only has the highest crypto adoption but also the widest gender gap in asset ownership (9 -11%). This is similar to the trends observed in Singapore, the Philippines, and Ireland. Countries that have the lowest gender gap in crypto ownership include Portugal, South Korea, and New Zealand.

Regarding the rise of crypto’s popularity in emerging economies, Finder’s report writer James Edwards noted:

“Remittance payment may have played a significant role in these numbers, with cryptocurrency an option for migrants who want to send money home and avoid exchange fees.”

UK, US, and Japan Show Lower Adoption Rates

While crypto adoption rates are high throughout Asia, countries like Japan (11%) are still lagging in digital asset purchases. 

Other countries that have a dismal number of crypto owners include Spain (12%), Germany (11%), the United States (9%), and the United Kingdom (8%).

Interestingly, South American countries seemed to be increasingly open to cryptocurrencies. Most countries in the region were documented to have higher crypto adoption rates. Brazil, in particular, stood out with 22% of respondents admitting to digital asset ownership. Colombia and Venezuela also accounted for a large number of cryptocurrency users. 

The region’s embrace of virtual currencies is absolutely understandable, given the impact of sky-rocketing inflation and strict capital controls. 

The survey also revealed that Bitcoin was the still most widely accepted and used cryptocurrency across the world. Report writer Edwards highlighted:

“Bitcoin still reigns supreme despite speculation that ethereum could become the most widely transacted cryptocurrency. Bitcoin had the highest adoption rates in every single country” 

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Source: https://www.cryptoknowmics.com/news/finders-poll-shows-vietnam-indonesia-and-india-lead-crypto-adoption/

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Uniswap in a False Breakout, Resumes Downward Correction

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Sep 18, 2021 at 10:40 // News

The price of UNI is trying to move back up

The price of Uniswap (UNI) has fallen into the downtrend zone as the price reached the low of $25.08. As the price breaks below the moving averages, there is a likelihood of further downward movement in the price.

Today, the price of UNI is trying to move back up and reach the earlier high of $28. It is a difficult task for the buyers to regain the previous high of $28 as the altcoin is facing another rejection at $25.18. If the altcoin gets rejected at the recent high, the market will fall back to the low of $22. However, the uptrend will resume if the price finds support above $22. The $22 support has held in the price action so far. For the cryptocurrency to resume its upward momentum, buyers need UNI to hold above the moving averages.

Uniswap indicator reading

The altcoin is at level 47 of the Relative Strength Index for period 14. The cryptocurrency is in the downtrend zone and below the midline 50. The price of the crypto is below the moving averages, indicating a possible downward movement of the altcoin. UNI is above the 25% range of the daily stochastic. The cryptocurrency is in bullish momentum but faces rejection at the recent high.

UNIUSD(_Daily_Chart)_-_SEPT._18.png

Technical indicators:

Major Resistance Levels – $55.00 and $57.00

Major Support Levels – $22.00 and $20.00

What is the next direction for Uniswap

According to the 4-hour chart, the price of Uniswap (UNI) continues to be in a downward correction. The cryptocurrency is hovering between the $22 and $25 levels, having broken through the $25 resistance. The selling pressure is pushing the altcoin back into the range bound zone. Today, the bulls are retesting the resistance to break it. It is likely that altcoin will continue its downward correction.

UNIUSD(4_Hour_Chart)_-SEPT.18.png

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing funds.

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Source: https://coinidol.com/uniswap-false-breakout/

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XRP Lawsuit: Here’s Why Experts Think Ripple Could Win the Case Against SEC

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The XRP lawsuit filed by SEC against Ripple is drawing a near end, and nearly after 9 months of back and forth, experts have weighed in on the possible outcome of the case. The latest development in Ripple vs SEC case saw the defendants file for another seal motion for two exhibits from the Interrogatories Dispute, that the SEC filed under seal in support of its September 8, 2021, letter.

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On the other hand, SEC has also filed to seal 13 key documents that Ripple has demanded, claiming it to be internal documents that cannot be put in the public domain. The biggest point of conflict is with former SEC director William Hinman’s draft speech that claimed Ethereum turned into non-security over time as the network development made it more decentralized. However, SEC claims those comments were made by Hinman in a personal capacity and thus cannot be used by defendants as the ground to dismiss the case.

Legal Experts Claim Ripple Would Win the Case

The SEC’s threat to Coinbase over its unrelated lending product has unified the crypto community against the SEC and also highlighted the flaws of existing security regulations. Jhon E Deaton from CryptoLaw pointed towards the Hinman Speech regarding Ethereum could play in Ripple’s favor.

Charles Gasparino from Fox Business talked to the SEC regarding the logic behind going after XRP but not Ether (ETH), to which the enforcement agency gave quite a vague response. According to Gasparino, SEC claimed Ether had a well-developed ecosystem that was decentralized enough to be deemed as non-security. While Ripple’s infrastructure is still being built, thus the token being used is considered a security.

Gasparino however argued that the timing of the SEC lawsuit calls for scrutiny since the case was filed just days before former SEC chief Jay Clayton’s departure.

XRP proponents even claimed the decision to give Ethereum a free pass from regulatory scrutiny was based on personal gains for SEC executives including Hinman and Clayton. While Ripple has claimed it won’t go for the settlement as it is confident of its chances, the outcome of the case could define the future of crypto regulations in the US.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/xrp-lawsuit-heres-why-experts-think-ripple-could-win-the-case-against-sec/

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Buying.com (BUY) Lists on P2PB2B Exchange on September 22

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Sep 18, 2021 at 09:40 // News

Thousands of deliveries are made each day through Buying.com

eCommerce is one of the most rapidly expanding sectors within the global economy with a forecasted growth of 25% CAGR over the next five years. The desired sub-industry in the sector is hyperlocal last mile delivery. This is essentially localized home delivery in less than 60 minutes.

Buying.com operates in 22 states and is growing fast which makes the decentralized delivery and supply logistics platform well positioned to take advantage within the growing eCommerce space. Thousands of deliveries are made each day by hundreds of retail companies on the platform. Retailers are welcome to reach out to discuss how we can serve you. 

Join the Buying.com Telegram channel for the latest updates on what the team is up to. 

Why Buying.com?

Buying.com strives to decentralize e-commerce operations, and it’s pleased to offer:

  • 24/7 live support 

  • Guaranteed 2-hour delivery

  • Turnkey eCommerce solution

  • Decentralized supply logistics 

  • Secure and Encrypted Personal Information 

  • Loyalty Incentives 

  • Simplified payment settlement process with more options 

In addition, Buying.com created its own cryptocurrency – the BUY Token. It’s a utility token based on the Algorand blockchain that will be used for paying transactions within the platform. 

The BUY token is a stronger alternative for retailers in situations: 

  • When micropayments where transferring cash to/from fiat is too costly

  • Banks and others charge transaction fees, which add up to at least 2–3%, if not more, when converting money to fiat

  • Product and service discounts

Buying.com is a hyper local micro distribution delivery platform already operating in 22 USA states with an mcap under 1 million USD.

Buying.com_Design#2_2021.08.18.png

Where to $BUY tokens?

BUY Token will become available for trades on the P2PB2B exchange on September 22 with other listings on Gate.io and Uniswap before that. 

More information about the project:

Telegram: https://t.me/buyingcom_announcements

Website: buying.com/

Twitter: twitter.com/buying_com

Blog: https://medium.com/buying-com

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.


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Source: https://coinidol.com/buying-lists-p2pb2b-exchange/

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