Despite mass adoption of crypto, crypto market in the United States and Europe lag behind

As reported by Cointelegraph, crypto is getting adopted by the masses but it is not getting adopted in the United States or Europe along with that it does not include the flagship asset for accepting Bitcoin as a mainstream asset, stated Cointelegraph. It is believed by Daniel Fogg, founder, IOV Labs, in emerging markets, cryptocurrencies are getting adopted instead of being offered as a solution to people’s daily problems.

“People on the streets have a pressing need to protect their income, to get access to U.S. dollars to get a loan. […] We’re seeing these massive shifts. For me, if you want to look at the future of what I hope crypto will become, it exists today in Turkey, Colombia, Nigeria, Argentina. It doesn’t exist today in the United States or the U.K,” Daniel Fogg, explained.