Countries such as Singapore and Thailand have seen a great boom in crypto adoption both as a retail payment as well as a form of investment.in an interview with TechAsia that compared to the global market, “adoption rates for emerging payment options have always been better within the Asian region.” A survey conducted by Mastercard across 18 markets in 2020 suggested 94% of consumers in the Asia-Pacific region are considering using emerging payments methods.
“Southeast Asia has been a hotbed for payments activity for some time now. It comes as no surprise to see significant growth in the number of crypto firms, exchanges and volume of peer-to-peer activity in the region.”
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