The first adopters of cryptocurrencies came from developed nations. Countries like the United States, Canada, the United Kingdom, and Japan. Many would think that Satoshi was Japanese, but the thing is we have absolutely no idea who he or she is, and whether or not “it” is a human at all.
All we know is that the early adopters of cryptocurrencies were mostly software engineers from developed nations who saw the potential in Bitcoin and invested heavily. And by heavily I mean a couple of dozen dollars which got them thousands of Bitcoins.
The moral of the story is that developed nations may have gotten the whiff of cryptocurrencies before anybody else, but developed nations are where cryptos can truly earn themselves a position on the financial markets in the future.
Tapping into developing nations
Nowadays, it has become progressively easier to get oneself into developing nations as a crypto company or a crypto startup. Almost every government has heard of cryptocurrencies at least once, which makes the negotiations significantly faster.
But it doesn’t mean that this gives negotiations a 100% success rate. You see, there are a number of developing nations that have decided to simply ban cryptocurrencies altogether, but there are others that heavily embrace it.
Changing or introducing investment culture
In most developed nations, the culture of investing, saving and looking for long-term growth isn’t necessarily prevalent. The only thing people may be spending money in hopes of gaining more is most likely a casino or some kind of lottery.
The point is that investment culture is nearly non-existent in most developing nations. However, this is where crypto companies can step in and introduce such a culture.
In order to emphasize how they can do it,