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Bitcoin adoption in emerging markets outpacing the developed world
Emerging markets winning the race for bitcoin adoption as genuine need outweighs speculation as the driver for peer-to-peer bitcoin trading. Bitcoin adoption, said Andreas Antonopoulos at the Deconomy conference in Seoul last week, will happen incrementally — starting in undeveloped countries, and gradually, as the tech evolves, infiltrating developed markets with new as-yet-unknown applications. Data from LocalBitcoins shows that the first stage of this process has already begun. Peer-to-peer trading volume conducted through the site in emerging and frontier markets now surpasses volume in the developed world, and ... (full story)