Coinremitter has been standing strong as one of the best crypto payments solutions for a long time. Its easy-to-use interface, smooth integrations, and low processing fees have been loved by most businesses. It has performed well in almost every country where it serves. There are more than 39,000 individuals and businesses using this platform to accept crypto payments globally. However, let’s explore the top five countries where it has performed excellently, with possible reasons for its performance.
Table of contents
1. United States of America
The US has been the largest economy in the world, so it’s possible that they will not wish to be behind anyone when it comes to tech. Whether it is about registered individuals, processed crypto transactions, or website visits, the US has topped every positive aspect of this crypto payment processor. Also, it is being used actively for making crypto transactions in this country. In every aspect, the United States has always maintained a share of over 20%, which makes it the most contributing country to this platform’s success.
Possible Reasons
The US has the highest number of crypto owners, which is 53 million, which can be one of the most obvious reasons. However, another reason might be the busy lives of US citizens. We can assume that busy US citizens could’ve found the crypto payment integration process quick and easy and might have leaned toward this platform for accepting crypto payments for their businesses. Also, cryptocurrencies becoming a topic of gaining votes can be another possible reason.
2. United Arab Emirates
There is no surprise that the UAE has secured the second position in this list of strong Coinremitter countries. The UAE is considered a crypto-friendly nation, which is evident in its stats as well. It has managed to be a country with the highest number of website visits for this platform. Also, they’re frequently exploring this crypto payment platform. At the time you’ll be reading this article, this platform could’ve received over 25% of visitors from the UAE itself.
Possible Reasons
UAE has the highest percentage of crypto owners. 3 million crypto owners account for 30.4% of its population, which can be the greatest and justifiable reason for so many frequent registrations from a particular nation. Also, the government of UAE has abolished value-added taxes on crypto transactions, allowing businesses to keep more profits to themselves. Coupled with the lowest processing fees, UAE citizens might have found this cryptocurrencies payment solution to be a pocket-friendly solution for their businesses.
3. Singapore
Singapore has a respectable number of 665k crypto owners, which is about 11% of its population. Despite having a lower number of crypto owners, Singaporean citizens have prioritized the Coinremitter platform for accepting crypto payments. It is said that Singapore has been next to the US, specifically in making crypto transactions with this payment processor, which is quite appreciable for a nation with 665k crypto owners.
Possible Reasons
Singapore has been considered a fintech paradise. Also, the most obvious reason for its success in this country is its reliability and origin. As its official website claims Singapore as its country of origin, we can assume that citizens might have preferred a domestically originated platform to accept crypto payments. The combination of ease of use and fewer processing fees can be another reason as well.
4. Canada
Unlike the other three countries, Canada isn’t a nation with the highest registrations, transactions, or visits, but some large-scale businesses could have been using this platform for premium benefits actively. It is said that Canada has the highest number of premium plan purchases for additional benefits like unlimited wallet addresses, reduced transaction fees, and a higher number of API calls per minute. However, Canada isn’t among the most populated countries, still, it has managed to secure the fourth position in this list of the top five countries where Coinremitter is the strongest.
Possible Reasons
Just like the UAE, Canada is also considered to be a crypto-friendly nation. Over 4 million Canadian citizens own cryptocurrencies, which is 10% of the total population. We can say that individuals from Canada might have been influenced by ones from the US, which can be the most obvious reason for Canada being on this list. Also, word-of-mouth publicity seems to have played an important role in this crypto payment gateway’s popularity.
5. El Salvador
Last but not least, El Salvador seems to be the fifth country that has allowed this platform to perform excellently. Another reason for enlisting this country is its faith in Bitcoin. It is said that El Salvador might be the nation with the most Bitcoin transactions on this particular platform. However, the number of total BTC transactions from El Salvador on this platform is still undisclosed, but it can range between 25-30% of the total Bitcoin transactions here.
Possible Reasons
El Salvador has been a step ahead in crypto-friendliness. It was the first country to announce Bitcoin as a legal tender, which can be the most credible reason for the highest Bitcoin transactions on this or any other crypto payment processor. Talking of global stats, there are 109k crypto owners in El Salvador, accounting for less than 2% of the total population. However, the legalization can inspire more El Salvador citizens to adopt and spend cryptocurrencies.
Final Words
The five countries mentioned above are examples of the growing trend of crypto adoption and crypto payments. Their trust in cryptocurrencies as well as crypto payment gateways uplifts the trend significantly. Dedicated countries like these and reliable platforms like Coinremitter have the potential to turn the term Accept Cryptocurrency Payments into a slogan.
[Disclaimer: As it is a crypto payment gateway without KYC, Coinremitter doesn’t collect or trace anyone’s information like addresses or transactions while entering anything on the website; the data shown above is collected from insights like clicks, visits, engagement, etc. The data you’re reading was acquired on 1st December 2024, which may have changed while you’re reading this.]
