Cryptocurrency payments and transactions are gaining worldwide popularity. The nations that were once picked skeptical about its usage and now embracing this concept with open arms. After receiving a ban from nations like China, Bangladesh, and other parts of the world, there was a steep fall in the pricing of bitcoins. However, over a period of time, this changed, and now countries like Sweden, Finland, Israel, Canada and USA have embraced the concept of crypto currency.
Apart from the ease of transaction the reason crypto currency is gained popularity is because of the concept of cryptographic. Patient is looking for a safer mode of transaction and crypto currencies can be one of the solutions. Since all the transactions that are operated with cryptocurrency or interrupted crypto graphically. It makes it difficult for the hackers in the breaches to change the ledger or bring alter the data. This makes the crypto currency transactions safer and the nations that were once refuting its usage or now accepting it.
Countries Leading The Charge In Bitcoin Adoption
Bitcoin has gained popularity in the last few years, with many large online retailers starting to accept it as payment. But which countries are adopting Bitcoin the fastest? In this article, we’ll look at three countries leading the charge in Bitcoin adoption, along with their main selling points and the potential barriers that prevent them from moving even faster in accepting this crypto-currency.
- Finland– Most of us considers the name of countries like the USA, UK, and Canada when it comes to cryptocurrency acceptance but Finland is yet another addition to the list. Keeping in mind the increasing demand of Bitcoins, planning to accept bitcoin as its national crypto currency has been a revolutionary change in the country.
- China– while China may have initially banned crypto currency and has rejected the idea of decentralized transaction but the fact of the matter is that China has recently introduced its own crypto currency with the name digital Yuan. This crypto currency is backed by the government and hence is considered as a safe investment mode. There are specific platforms where you can register yourself and start trading in national crypto currency. In addition to China, even Sweden has come up with its national crypto currency.
- India– While India was very skeptical about accepting bitcoin and cryptocurrency transactions. It is important to stay updated with the current market trends in the global market. Hence in the recent budget, India also announced crypto currency transactions but has also introduced a TDS on the same. A 30% TDS is applicable on the profits earned by crypto currency trading and transactions.
Below highlighted is a tabular representation of the countries and their cryptocurrency holding-
Countries like Vietnam, Pakistan, and India that have triggered the cryptocurrency growth on a global level. With a wider acceptance of cryptocurrency across the global platform, we can surely conclude that investing in cryptocurrency will be a profitable deal considering future growth.
Hence it is important that investors who are willing to make good profits should consider investing in cryptocurrencies. Choosing the right trading platform is of utmost importance as it helps traders stay on the right track of investment.
Choosing The Right Crypto Exchange Platform- What You Need To Know
Certainly has nothing to do with cryptography, but to ensure security and safety while doing online transactions, it is important to register on a reliable crypto exchange platform to know about what is a bitcoin trading robot.
This was brief information on cryptography and its significance in ensuring a safe currency exchange or transaction. In the times to come, there is going to be a much wider application of cryptography not only in the field of cryptocurrency but in other fields as well.