Brianna White

Staff member
Jul 30, 2019
To reach mass-scale adoption, it's necessary to spread financial literacy for crypto assets and blockchain education.
In 2022, the cryptocurrency market shuddered literally in all directions. Crypto's market cap fell below $1 trillion, and Bitcoin dropped 65% from an all-time high. But despite these circumstances, a new report from blockchain intelligence firm Chainlaysis has found that crypto adoption has slowed less than expected despite a bearish start of the year for the cryptocurrency market. In fact, it's still above pre-bull market levels from 2019.
Some countries dominating the adoption index have different socioeconomic situations, from lower middle income to above median income and high incomes. Some of the countries include Vietnam, the Philippines, Ukraine, India, Brazil, Colombia, Ecuador, Thailand, The United States and The United Kingdom.
Data suggest that people, startups and large companies have stuck with cryptocurrencies and blockchain despite the crypto winter. They continue to pour significant portions of capital into digital assets and their underlying technology. And no surprise: blockchain offers numerous advantages and benefits not only to individuals but also to entrepreneurs and businesses from different industries.
The benefits that crypto and blockchain bring to the table can become an effective solution for some of the pain spots for today's businesses and their customers, but this requires extensive crypto education.
What Is cryptocurrency?
The most popular Google searches about cryptocurrencies are: "what is cryptocurrency," "how to invest in crypto," "how does crypto work," etc. After almost 15 years since being created, there's still a lack of educational content and resources for people and institutions to understand and adopt cryptocurrencies and blockchain technology.
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