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- Nations at the Crypto forefront!!! 👑
Nations at the Crypto forefront!!! 👑
Thanks to technology and the Crypto market, third world nations can become powerful economies.
Contents:
👑 Nations at the Crypto forefront
₿ Europe, the Crypto Market Leader
👀 Under the Radar
🗂️ Directory
📰 News
👊 Sponsors
💸 Coupons
Nations at the Crypto forefront 👑
Normally I try to avoid the use of labels in my articles, I think they limit us mentally and it reflects in our daily (re)actions. But it is a bit difficult to share this without using labels like the first, second or third world.
In the crypto industry and its branches, we have seen drastic opposition from the so-called "first world" countries. Most of these nations historically arrived at that position abusing power, the use of slavery, theft, and manipulation against less fortunate groups. And then, once established, they created laws to protect those new created empires.
The evolution of cryptocurrencies, blockchains, and everything that is coming to life thanks to this new technology is changing where power lies in the world. Technology makes everything grow and transform exponentially. It took 75 years for the phone to reach 50 million users and 22 years for television to reach that number, something that the internet did in 7 years, Facebook in 4, and the video game "Pokemon Go" did in just 19 days.
While the Chinese government prohibits everything related to cryptocurrencies and surrounding technologies, countries like the Bahamas, that adopted the Sand Dollar, a digital version of the Bahamian dollar, are opening their doors to crypto companies. What about El Salvador, the first economy to adopt Bitcoin as a national currency.
Kenya, Nigeria, South Africa, and Tanzania are among the top 20 markets with the highest crypto adoption rate in the world. The adoption of electronic payment mechanisms such as Lipa Na M-PESA, credit cards, and payment bridges is driving Africa's interest in digital currencies as the use of fiat cash declines in major African economies.
M-Pesa, a mobile phone-based money transfer method, has a strong presence in Kenya, where 58% of the adult population have a mobile account. Terra, a financial technology company, has created the same business model as M-Pesa, but using a blockchain and giving access to many cryptocurrencies for users to process payments. And Afreum, a unique and ambitious project aimed at harnessing the benefits of blockchain to achieve financial inclusion across the African continent, are creating digital wallets to be used across the entire African continent.
The case of "Axie Infinity" is also very interesting since it is a Play-to-earn model, users do not have to pay to play and, instead, are rewarded for the activity in the game with virtual currency that can be changed for dollars. (Source: TheTie)
Axie Infinity was initially launched in 2018 as a traditional online game, but gained notoriety with the addition of the AXS token to the Axie ecosystem in November 2020. The AXS token was launched with the goal of allowing players to receive payments for winning battles and tournaments on its platform in the native AXS token and the SLP token. Thanks to social media, Axie has grown exponentially in the Philippines, to the point that more than 10% of the population earn more playing than working.
The world and economies are changing rapidly and this is just the beginning.
The need to adapt and be at the forefront of technology, has led third world countries to adopt crypto technology more quickly and openly than first world countries, and as a consequence, this has led to the creation of new independent and financially robust sub-economies. At this rate, it is not crazy to say that nations like El Salvador could be at the financial forefront if cryptocurrencies continue to rise in value as they have been doing in recent years.
Europe, the Crypto Market Leader ₿
The European region has become the world's most active cryptocurrency block, receiving more than $ 1 trillion in digital assets over the past year, according to new research from blockchain analytics firm Chainalysis. The region accounted for 25% of global crypto activity between July 2020 and June 2021. And it witnessed a sharp increase in transaction volume across all cryptocurrency sub-categories, especially decentralized finance or DeFi. Institutional investments grew from $ 1.4 billion in July 2020 to $ 46.3 billion in June 2021.
Directory 🗂️
🗓️ Coin Market Cal - Calendar of crypto events, news, trends.
🔬 Messari - Information, research and industry parameters.
😂 Meme.com - Explorer of memes and trends.
✔️ DAO - The DAO explained and the most important protocols.
📗 Aprende - Learn Blockchain and Crypto (our sister site).
Under the Radar 👀
Axie Infinity - Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, fight, and trade token-based creatures known as Axies. Each has more than 500 interchangeable parts and they are marketed as NFTs. It has become an economy in which many of the gamers make a living playing Axie.Uniswap - decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance tokens (DeFi). Operating as something of an Automated Market Maker (AMM), Uniswap was launched in November 2018, but has gained considerable popularity this year thanks to the rise of DeFi, and the consequent surge in token trading. . It has risen in value 1,100% in the last year.RealFevr - Established in 2015 in the Fantasy Sports market in which you can earn by playing video games. They have over 2 billion users on their app and have now become the leading platform for NFTs for soccer videos. The platform's token is $ FEVR which is used for transactions in its digital market.Waves - A multipurpose blockchain platform that allows various uses, its purpose is to scale its speed and security in order to attract more developers to its ecosystem. Waves has held its value in recent days while the total market has declined.
Waves During the last 7 days.
Helium - A decentralized telecommunication network that uses LoRaWan (long Range Wide Area network) technology to connect IoT (internet of things) equipment. Known as the People's Network, Helium has displaced more than 150k devices in 2 years, thus creating the largest democratic network.
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