Emerging economies such as Vietnam, India and Indonesia are taking the pioneering roles regarding crypto adoption, highlighting the major use cases for virtual assets, associated with remittances and financial inclusion.

Specifically, Financial product comparison website Finder.com reportedly conducted a survey on 42,000 individuals from 27 different nations, and the end result indicated that Vietnam takes the top spot when it comes to adoption rate, with 41% of answers admitting they have completed crypto acquisition. 

Twenty percent of the Vietnam-based respondents reportedly claimed to have bought Bitcoin (BTC) – the highest number throughout the nations taking part in the survey. 

Regardless of Vietnam’s strong outperformance seems to be unexpected at first glance, Finder’s survey reportedly combined different data sources suggesting the SEA nation is having more in to offer than size would suggest, crypto adoption-wise. 

Vietnam reportedly secures the 13th spot in the list of realized Bitcon gains for 2020, regardless of its economy standing at the 53th place, based on gross domestic product.

“Remittance payment may have played a significant role in these numbers, with cryptocurrency an option for migrants who want to send money home and avoid exchange fees.” Finder reportedly remarked regarding the driving force behind Vietnam’s high crypto purchase rate. 

Adoption rates are also soaring across Asia, following 30% of respondents in Indonesia and India revealed their initiatives to buy crypto. The same figure was recorded as 29% and 28% in Malaysia and Philippines respectively. 

On the other end of the spectrum, the United Kingdom and the US finish last in the adoption rates list, with only 8% and 9%.