Crypto, and Emerging Markets Powering Global Innovation

Emerging markets will be the new global growth engine with increasing mobile penetration, a young population and receptivity to technological innovation. Emerging markets are among the fastest adopters of crypto, with We Are Social 2020 reporting the top 10 countries with the proportion of population between 16-64 who own crypto being Philippines, Brazil, South Africa, Thailand, Nigeria, Indonesia, Colombia, Turkey, Malaysia and Portugal. Before mobile technology, many people in emerging economies could not participate in the formal financial system, with 2 billion people and 200 million small businesses lacking access to formal savings and credit, but this is changing fast.

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