Bitget Wallet has released a report exploring the driving factors of global crypto adoption and current industry barriers.
Global Crypto Adoption Overview
Crypto adoption is rising globally due to clearer regulations, although barriers remain. Bitget's survey of 4,600 respondents shows 46% view faster transactions as the main adoption catalyst, while 37% cite security risks as the primary barrier. Additional hurdles include usability challenges, a lack of financial infrastructure, and high transaction fees.
Crypto Adoption in Eastern Europe
Eastern Europe is diverse in economies and infrastructure. Crypto provides an alternative to traditional systems, eliminating banking limitations and inefficiencies. The report notes that 34% prefer crypto transactions for simplicity and 31% for global payments without regional restrictions. However, security concerns and transaction irreversibility are major issues.
Tackling Crypto Adoption Challenges
Overcoming barriers is essential for global crypto adoption. Alvin Kan, COO at Bitget Wallet, highlights Eastern Europe's rapid growth in crypto and emphasizes the need for security, offering advanced protocols and user education.
Bitget Wallet's report highlights both the advantages and issues of crypto adoption, suggesting solutions to remove existing barriers.
