Crypto Development in Developing Countries: The West Are in the Dark

Matt Ahlborg based his findings on the upwards trend of Bitcoin usage on the exchanges done through Localbitcoins.com. The largest of the chart is Russia, followed by the United States and China. Tethering on the same level as China are Nigeria and Venezuela, which is a surprising discovery given that the notion of cryptocurrency usage is on the stability of a nation's economy. Bitcoin adoption was favorable in countries with monetary and financial restrictions, regardless if they are by local governments on their own citizens or by the international community.