Cryptocurrencies have gained a lot of attention and scrutiny over the past few years. Especially recently as big-name companies like Tesla buy into Bitcoin, giving institutional backing and bolstering investors belief in the future of the bubbly and speculative coin. But, in which countries are cryptocurrencies most used? You would be forgiven for thinking that the US or China top the list. In fact, Nigeria is first with 32% of respondents in a survey stating that they own or have owned a cryptocurrency (Buchholz 2021). The next two countries on the list are Vietnam and the Philippines, with 21% and 20% respectively using or having used cryptocurrency. Why do so many people in these countries make use of cryptocurrencies? They are developing countries, with many nationals living abroad and are amongst the top countries globally sending remittances back home (IOM 2020).