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On top of that, coins such as Tether or Binance Coin - referred to as "stablecoins" - are often used to buy and sell Bitcoin. This assumption might not be accurate for popular fiat currencies worldwide. The source assumed, however, that UK residents were the most likely to make Bitcoin transactions with British pounds. What comes closest is the trading volume of Bitcoin against domestic fiat currencies. Bitcoin, for instance, was created not to be tracked by banks and governments. User figures for individual cryptocurrencies are unavailable. Consumers in Africa, Asia, and South America were most likely to be an owner of cryptocurrencies, such as Bitcoin, in 2022. In 2021, however, crypto adoption continued as companies like Tesla and Mastercard announced their interest in cryptocurrency. Increasing demographics might initially be attributed to a rise in the number of accounts and improvements in identification. This is according to calculations from various sources, based on information from trading platforms and on-chain wallets. The global user base of cryptocurrencies increased by nearly 190 percent between 20, only to accelerate further in 2022. |
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