14% of young adults in Mexico and Colombia own cryptocurrencies, while in Spain the percentage is 12%, according to a recent survey.
Also, Mexico ranks 18th among 27 countries in terms of adoption levels of Bitcoin and other popular cryptocurrencies. Meanwhile, Spain and Colombia rank 23rd and 17th on the list.
The study titled Cryptocurrency adoption rates, Finder Crypto Report
, by the firm Finder, estimates that 6% of young Mexican adults own bitcoin (BTC). The remaining 2% own litecoin (LTC), 2% own bitcoin cash (BCH) and 2% own Ripple’s XRP).
In Colombia, 8% of young adults own Bitcoin, and 2% own Bitcoin Cash and Litecoin, respectively. Among the countries mentioned, Colombia is where they prefer to own BTC the most.
Mexico and Colombia have the same rate of cryptocurrency adoption as Austria and Canada (14%), as comparatively established in the research.
As for Spain, 12% of young adults in Spain own cryptocurrencies, placing the country 23rd on the list.
On the other hand, global cryptocurrency adoption stands at 19% of young adults, according to their findings. Vietnam is the country with the highest adoption of cryptocurrencies, quantified at 45% of the adult population.
Bitcoin leads in popularity, but in different proportions depending on the country
Specifically, Mexico and Canada, which share 6% adoption of bitcoin (BTC) among young adults, have a lower rate of adoption of this cryptocurrency compared to the global average of 10%, says the research
In Spain, BTC would be slightly less popular, being distributed among 5% of young adults. Spain is also the country where the fewest adults own Ripple, they note, with a percentage of 1%.
Percentage of adults in Spain, Mexico and Colombia who own cryptocurrencies. The most popular are bitcoin (BTC), ether (ETH),XRP, litecoin (LTC), bitcoin cash (BCH) and others (detail). Source: Finder Crypto Report.
On gender issues, the study notes that the gap between men and women in terms of cryptocurrency ownership is no different than in other areas where both genders would be unequal. They indicate that 22% of men in the world own cryptocurrencies, compared to 15% of women.
Adoption in Latin America picks up momentum
The Finder study does not collect information on other countries in Latin America, but those who have been following events closely this year can sense that the adoption of BTC and other cryptocurrencies may have picked up this year
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More recently, CriptoNoticias reported the approval of bitcoin and other cryptocurrencies as a payment method in Cuba, this Friday, August 27, 2021, a new milestone of adoption in the continent.
Meanwhile, Venezuela dropped from third place to seventh place in global cryptocurrency adoption, according to a study by Chainalysis. However, it could be assured that due to the economic and financial characteristics of the country, bitcoin has not ceased to be a useful option or tool in the economic context of this nation.