Which countries will adopt crypto currency in the coming years and main crypto currency to look out for Investment
With crypto world booming a sharp rise in etherum over the past two months has made market cap of crpto currency rose to all time high of over a 100 billion and is set to rise in the coming years.
With countries like Japan now legalising the use of bitcoin and Japan is now set to implement block chain technology into its banks and finacial markets this in turn has paved way for a rise in demand for crypto coins.
China south korea and now russia also eyes on to the block chain technology.
Some devolping countries like Pakistan, Bangladesh, Srilanka, India and those countries where around 50% of population have no access to bank accounts can take advantage of what these digital currencies have to offer.
The population of each country will play a vital role in pushing the digital currency.
Countries like pakistan have seen a significant attraction towards crypto with lack of card acceptance and absense of paypal has played a vital role in acceptance of bitcoin and alt coin
ALT COIN mainly pakcoin and leo coin have been welcomed by numerous merchants across the country
The big question which crypto currency to look for
Bitcoin for sure will remain as one of the top ones as its been around longer than any other currency ethereum is definately to look for as this year alone ethereum has seen a rise of over 400% and most of new icos are based on ethereum and it has also seen intreset from countries like russia china UK canada so its promising also keep an eye out for ripple and nem as these are also very lucrative dont invest in ico as they can go either ways good luck with digital currency
Loved the post keep them coming !
As long as countries can tax crypto I'm sure they will start adopting it. I think the biggest fear is a growing grey market which deprives governments of the ability to generate the revenue they need to provide essential services. One of the reasons why India dropped some of the higher value banknotes.
Taxation will be the biggest hurdle as crypto currency has no borders lets see how it pans out
The BRIC Countries will adapt to currencies faster then the western countries. So my bet is on China.
Surely as they want to move away from dollar and they are quick in adopting new technology and block chain is the way forward
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