14% of young adults in Mexico and Colombia own cryptocurrencies, while in Spain the percentage is 12%, according to data from a recent survey.
Likewise, Mexico is ranked 18th out of 27 countries in terms of adoption levels of Bitcoin and other popular cryptocurrencies. Meanwhile, Spain and Colombia occupy positions 23 and 17 on the list.
The study titled Cryptocurrency Adoption Rate, Finder Crypto Report, by the Finder firm, estimates that 6% of young Mexican adults own bitcoin (BTC). The remaining 2% own Litecoin (LTC), 2% Bitcoin Cash (BCH) and 2% XRP) from Ripple.
In Colombia, 8% of young adults own Bitcoin and 2% respectively in Bitcoin Cash and Litecoin. Among the countries mentioned, Colombia is where they prefer to have BTC the most.
Mexico and Colombia have the same cryptocurrency adoption rate as Austria and Canada (14%), as comparatively established in research.
As for Spain, in this country, 12% of young adults own cryptocurrencies, placing the country in 23rd place on the list.
On the other hand, the 19% global cryptocurrency adoption young adults, based on their findings. Vietnam is the country with the highest adoption of cryptocurrencies, quantified in 45% of the adult population.
Bitcoin leads in popularity, but in different proportions in different countries
Specifically, Mexico and Canada, which share 6% bitcoin (BTC) adoption among young adults, have an adoption rate of this cryptocurrency below the global average of 10%, specifies the survey.
In Spain, BTC would be a little less popular, being distributed to 5% of young adults. Spain is also the country where fewer adults have Ripple, they specify, 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 (retail). Source: Finder Encryption Report.
On gender issues, the study highlights that the gap between men and women in terms of ownership of cryptocurrencies it is no different from other areas where the two sexes would be unequal. They indicate that 22% of men worldwide own cryptocurrencies, compared to 15% of women.
Adoption in Latin America is picking up steam
The Finder study does not collect information on other Latin American countries, but those who have followed events closely this year may have a hunch that adopting BTC and other cryptocurrencies would. could bounce back this year.
Not only is the news of the Bitcoin law in El Salvador, coupled with the deployment and installation of hundreds of cryptocurrency ATMs in that country, a sign of adoption in the region.
More recently, CriptoNoticias reported the approval of bitcoin and other cryptocurrencies as a method of payment in Cuba, this Friday, August 27, 2021, a new adoption milestone on the continent.
For its part, Venezuela dropped from third 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.