WE. Cyprus and Singapore are the world’s most crypto-ready nations: Crypto Head

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Business

oi-Roshni Agarwal

| Updated: Sunday July 4, 2021, 10:54 PM [IST]

According to the Crypto Head crypto education platform, the United States is the most “crypto-ready” country in the world. For the evaluation, the different parameters taken into account were the number of crypto ATMs in each of the countries, their accessibility, the legality of the crypto and whether banks are allowed to use it, as well as the number of searches in line on crypto-related terms to decide on a “crypto-ready” Index for no less than 200 nations and territories.

WE. Cyprus and Singapore are the world’s most crypto-ready nations: Crypto Head

On the metric, the United States with a score of 7.13 lead the list, followed by Cyprus and Singapore in second and third, each scoring 6.5. Additionally, according to data gathered by Crypto Head, the United States has a total of 17,436 crypto ATMs, nearly 16,000 more than Canada, which ranks second in the parameter.

Additionally, companies like CoinCloud are rapidly expanding their presence in countries like the United States, suggesting the growing use of bitcoin as a payment method. Moreover, Crypto Head also took into account the number of people per ATM. Now, here, too, the United States is topped with a crypto ATM for up to 19,023 people.

Another aspect that needs to be put here is that Crypto Head has given the United States as well as 39 other countries a favorable legal framework around a maximum of two points.

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