When I looked at the countries leading the world in google search for bitcoin, I was startled! I guess nothing should surprise us anymore in the world of crypto, where things move and change at a mind blowing speed. To my surprise, eastern European countries have developed a growing interest in Bitcoin recently. European stocks have been dropping across the board since moodys downgraded major banks. Investors are hedging against political and financial jitters by investing in bitcoin and this trend will most likely continue.
Bitcoin is becoming one of the most traded currencies in Nigeria.
Pexbank is an online bank that is making is possible to transact bitcoin. The platform is a private social network that allows peer to peer transactions at home and abroad. According to the founder, “we want to own the space of this original idea where connecting people for exchange anywhere, anytime is a problem solved against trending internet scams especially social media.” The company also allows transaction for gift cards and other currencies.
Ghana is experiencing a major shift towards digital currency
Ghana, is leapfrogging third party banking and embracing bitcoin as their preferred way of transacting with each other. Now that most of the unbanked have a smart phone, this opens up the doors for them to enter the world of cryptocurrencies.Ghana has a peer to peer exchange of there own (remitano.com)
Estonia has positioned itself to become a global leader in blockchain technology
Let me tell you, I am very excited about how Estonia is on the verge of making Smart Contracts legally-binding and available to everyone. I think that speaks volumes about where they are headed in terms of crypto, blockchain and smart contracts! A registered financial service company (Polybius) is building the first bank in the world to specialize in cryptocurrency startups and blockchain projects.
Bitcoin is very well know in Slovenia
Slovenia contains the second largest bitcoin exchange in the world, Bitstamp. Bitcoin has literally put this small country of 2 million people, on the financial map! Slovenia also has other exchanges like Iconomi, Bitnik, Nicehash, Cashilla. I think it's safe to say that Slovenia will be a leader in the future leader in the crypto market.
South Africa has the infrastructure for bitcoin to take off
The amount of people with a smart phone has nearly doubled in the last two years in South Africa. The transition to bitcoin will be almost seamless in South Africa. People don't trust the money that has failed them over time because fiat will never hold its value in Africa.
Well, I believe its obvious that bitcoin will flourish in countries that need it most, first. But eventually it will remake currency systems elsewhere in the world. The emerging markets will be the catalyst for the mainstream adoption in developed countries . It's hard to imagine a future with out bitcoin.
