Good investments never see a huge demand by people who don't understand/want to understand the new asset class because it is like striking their head off a wall, so they'd better go for things that suit their mentality as well as are understood by them easily, as they do not want to learn more about crypto or have some fear (FUD) in their minds and hearts due to what happened recently in crypto space. I bet that before you go and talk about crypto to your friends and family, they either have watched it already getting broken down from nearly 2 trillion to under 1 trillion in just one year, or they have been projected bad things about crypto by some outsiders before you approached them.
The difference between lower income nationality and higher income is also harder for the concept. If you live in the UK, and making 2200 pounds a month which is not a lot, and living barely, and your wife makes 1900 as well, you guys are living a low end life there, and it would be pretty difficult to live in London for example, so you go somewhere else that sucks, like Brighton or something.
This means you are making close to 4k pounds, and you are unhappy with it. Whereas an African may make 500 and would be quite happy. Hence explaining to a British person to go into crypto is harder, but you could tell an African to join in, and find a way to get paid 500 dollars from signature campaign or bounty or whatever you know.
I think it is all in the mindset and how a person view cryptocurrency. For a person that is sole earner of the family, any additional income is welcome, no matter what is the standard of living or what country he is. Having extra 500 or 1000 if the couple tends to join cryptocurrency is a huge boost in their earning. Imagine from 4000 pounds they are able to add 25% making it 5k pounds. No one will refuse that. So I guess it isn't about where you live but rather your perception about cryptocurrency.
Bitcoin adoption is taking place all around the world, but the same is more progressive over the African countries. Whether this is happening out of the people's interest over the technology or it is just a beginning to the next level of cryptocurrency usage. Through the year 2022, more similar incidents of bitcoin acceptance into business have been posted on our forum. Congrats for the onboard.
I do not think it is about the technology but rather the potential profit and customer they can gain in adopting cryptocurrency as mode of payment. Further more, Nigeria one of the most active country in Bitcoin adoption have problem in their financial system due to the limitation of usage of bank services, tends to move to cryptocurrency for limitless transactions.
