Most of the crypto money was used in certain countries: Turkey fourth in Europe in the first world

According to the research carried out by the World Economic Forum, the citizens of the countries that use the most cryptocurrencies in the world have made themselves known.

With Generation Y entering the market as an investor, the popularity of cryptocurrencies has increased day by day, especially in Africa and Asia.

In the survey conducted in Europe, America, Asia and Africa, which are the 74 largest economies in the world, Nigeria ranked first with 33 percent use of cryptocurrencies.


Vietnam with 21 percent of the second, fourth in the world with 20 percent of the Philippines in third place with 16 percent, while Turkey, and took the first place in Europe.

The Bitcoin side, on the other hand, announced that the Central Bank of the Philippines has approved various crypto exchanges to operate as “remittance and transfer companies” in the country.


The American bank Union Bank also installed a Bitcoin ATM in Makati, one of the main cities in the Philippines, showing how cryptocurrencies are slowly entering the mainstream of the country.

It was claimed that Latin American countries also showed great interest in cryptocurrencies, in which countries in Africa and Southeast Asia showed great interest.

Peru, 16 percent of Turkey’s crypto money, which ranks fifth in Brazil, Colombia, Argentina, Mexico, and Chile, also hit double digits.


Central European countries, Great Britain and European countries are showing the most interest in Turkey after the cryptocurrency program saw a huge 11 percent demand in Switzerland and Greece.

Recently, the president of the European Central Bank (ECB), Christine Lagarde, said that they are considering introducing new regulation on cryptocurrencies, saying that “cryptocurrency is not a currency. It is a highly speculative asset.”

In the study, the countries that used the least cryptocurrency among 74 countries were Japan and Denmark with 4 percent.

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