“Of 154 countries analyzed by blockchain data platform Chainalysis, India ranks the highest in grassroots crypto adoption by far.”
“This serves as anecdotal evidence to the claim that cryptocurrency is seen by many as a financial equalizer for the un- or underbanked in so-called developing countries…”
An interesting read that points out that crypto adoption is actually highest in the developing world. Whereas crypto investing in Europe and North America is largely speculative and based on getting a great ROI, places that suffer from financial issues (undeveloped/underdeveloped banking infrastructure, high inflation, financial censorship, etc.) are actually using these technologies to live, preserve their wealth, and transact (in ways that are actually better than the preexisting alternatives).