Iran, Indonesia And Venezuela Are The Leaders In Terms Of Bitcoin Transactions V ...

Iran, Indonesia and Venezuela became leaders in terms of volume and number of bitcoin transactions. The analysts note that the crypto currency’s popularity is growing rapidly in countries who faced economical difficulties.

Crypto Currency Is The Rescue For Many Countries
Columbia, South Africa and Indonesia hit TOP-6 in terms of number of bitcoin transactions. LocalBitcoins service’s analysts told that bitcoin holders from these countries most often not sell the coins, but buy them, trying to sell them at an appropriate moment. In addition, institutionals are also interested in crypto currencies.

The number of Bitcoin transactions increased approximately 150% in Iran last week.

The total volume of crypto currency transactions in Indonesia increased 2000% over the last 2 weeks. More than 260 BTC were transferred during this period of time. Venezuela and Colambia see the same situation. The analysts are sure that the citizens don’t trust national currency anymore so they use Bitcoin and other coins to store their money.