Cryptocurrency adoption varies in size, from retail investors to merchants and financial service businesses.
Vietnam has the highest level of cryptocurrency adoption, with China and Nigeria engaging in cryptocurrency-based trade due to foreign exchange policies.
In Venezuela and Brazil, legacy financial systems' costs and bureaucracy drive people to experiment with and switch between different cryptocurrencies.
Foreign exchange policy between Nigeria and China is stifling business; Nigeria deals with dollar to naira foreign exchange on goods rather than Yuan. The use of cryptocurrency for cross-border payment has greatly aided in resolving that issue, even though it is not based on a large known exchange of goods by the government due to restrictions imposed by the Nigerian government.