As the first cryptocurrency, bitcoin (BTC-USD) maintains a sizable share of the total crypto market capitalization given its reputation and name recognition. With an increasing number of developing economies embracing BTC as legal tender, the mainstream acceptance and use of BTC for everyday transactions, too, is accelerating. To ascertain BTC's usage in emerging markets, cryptocurrency exchange AAX recently commissioned a survey. The survey conducted by Forrester Consulting indicates that awareness and adoption of BTC across emerging markets in the Middle East, Southeast Asia, Latin America, and Africa have surged. Additionally, the survey data underlines that consumers from these regions are actively exploring BTC for other utilities beyond investment and speculation.
