The United States ranks first among countries ready to accept cryptocurrencies

Crypto Head recently released a report placing the United States at the top of the list of countries ready to adopt crypto.

The United States ranks first among countries ready to accept cryptocurrencies

A sign that the country is ready to accept cryptocurrencies is the large number of Bitcoin ATMs currently operating in the United States.

The research platform based its analysis on ATMs in different countries and their usage. The team also examined the legitimacy of the cryptocurrency in the countries and checked whether they could accept it.

They also looked at the total number of searches people make online for digital assets. These factors allowed them to calculate results when comparing 200 different countries and territories.

The United States comes first among countries ready to accept cryptocurrencies – indicators

The Crypto Readiness Index uses a 10 country scale to complete the list. According to the results, the United States took first place with a huge score of 7.13.

After the US, Cyprus and Singapore rank second and third. While each of these countries scores below 6.50. However, experts believe the platform no longer takes into account factors that can measure these countries’ readiness for digital assets.

For example, some of the comments they reported will add to the regulatory environment and tax laws in the country.

When collecting data for its research, the report found a total of 17,436 crypto ATMs in the United States. That number exceeded 16,000 ATMs in Canada’s second state. The team also found that more and more ATMs are permanently installed in the United States.

They also discovered that Coin Cloud, an ATM company, is constantly expanding its installations across the country.

The researchers also based their findings on who could use these ATMs. According to the results, the US again ranks first with each ATM in the country serving 19,023 people, while Canada has one ATM that seats 26,265.

Japan is the smallest country as its only ATM has 126 million users. But out of 200 countries, 24 don’t have crypto ATMs.

Interest in cryptocurrencies is growing in countries

Taking into account the legal readiness of 39 countries including the United States. They base this decision on two points, namely the legality of holding cryptocurrencies and the legality of their use in their banking business.

When searching online, the team looked at the total number of searches for crypto terms in these countries. It is then compared to 2020 data to measure the growing interest in technology in each country’s population.

According to their data, Cyprus saw a 137% increase in online searches for crypto terms from the 2020 data.

They also found that for every 100,000 Internet users in the country, there are 34,000 searches for these terms. With that number, it is at the forefront for people looking for technology online.

Not only were the team the first to do their research online, but they also found that interest in cryptocurrencies is growing in other countries.

Romania, for example, saw analytics-based online searches increase 331% year over year. Other countries like Greece, Great Britain, Saudi Arabia and Canada have also shown increased interest in the digital asset.

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