5 Countries Where Coinremitter Performed Excellently as a Crypto Payment Gateway

Coinremitter has been standing strong as a top crypto payment solution for a long time globally. Its easy-to-use interface, smooth integrations, and low processing fees have been loved by most businesses. It has performed well in almost every country where it serves. There are more than 39,000 individuals and businesses using this platform to accept crypto payments globally. However, let’s explore the top five countries where it has performed excellently, with possible reasons for its performance.

1. United States of America

The US has been the largest economy in the world, so it’s possible that they will not wish to be behind anyone when it comes to tech. Whether it is about registered individuals, processed crypto transactions, or website visits, the US has topped every positive aspect of this crypto payment processor. Also, it is being used actively for making crypto transactions in this country. In every aspect, the United States has always maintained a share of over 20%, which makes it the most contributing country to this platform’s success.

Possible Reasons

The US has the highest number of crypto owners, which is 53 million, which can be one of the most obvious reasons. However, another reason might be the busy lives of US citizens. We can assume that busy US citizens could’ve found the crypto payment integration process quick and easy and might have leaned towards this platform for accepting crypto payments for their businesses. Also, cryptocurrencies becoming a topic of gaining votes there can be another possible reason.

2. United Arab Emirates

There is no surprise that the UAE has secured the second position in this list. The UAE is considered a crypt-friendly nation, which is evident in Its stats as well. It has managed to be a country with the highest number of website visits for this platform particularly. Also, they’re frequently exploring this crypto payment platform. At the time you’ll be reading this article, this platform could’ve received over 25% of visitors from the UAE itself.

Possible Reasons

UAE has the highest percentage of crypto owners. 3 million crypto owners account for 30.4% of its population, which can be the greatest and justifiable reason for so frequent registrations from a particular nation. Also, the government of UAE has abolished value-added taxes on crypto transactions, allowing businesses to keep more profits with them. Coupled with the lowest processing fees, UAE citizens might have found this crypto payment gateway to be a pocket-friendly solution for their businesses.

3. Singapore

Singapore has a respectable number of 665k crypto owners, which is about 11% of its population. Despite having a lower number of crypto owners, Singaporean citizens have prioritized this platform for accepting crypto payments. It is said that Singapore has been next to the US, specifically in making crypto transactions with this payment processor, which is quite appreciable for a nation with 665k crypto owners.

Possible Reasons

Singapore has been considered as a fintech paradise. Also, the most obvious reason for its success in this country is its reliability and origination. As its official website claims Singapore as its country of origin, we can assume that citizens might have preferred a domestically originated platform to accept crypto payments. The combination of ease of use and fewer processing fees can be another reason as well.

4. Canada

Unlike the other three countries, Canada isn’t a nation with the highest registrations, transactions, or visits, but some large-sized businesses could have been using this platform for premium benefits actively. It is said that Canada has the highest number of premium plan purchases for additional benefits like unlimited wallet addresses, reduced transaction fees, and a higher number of API calls per minute. However, Canada isn’t among the most populated countries, still, it has managed to secure the fourth position in this list.

Possible Reasons

Just like the UAE, Canada is also considered to be a crypto-friendly nation. Over 4 million Canadian citizens own cryptocurrencies, which are 10% of the total population. We can say that individuals from Canada might have been influenced by ones from the US, which can be the most obvious reason for Canada being on this list. Also, word-of-mouth publicity seems to have played an important role in this crypto payment gateway’s popularity.

5. El Salvador

Last but not least, El Salvador seems to be the fifth country that has allowed this platform to perform excellently. Another reason for enlisting this country is its faith in Bitcoin. It is said that El Salvador might be the nation with the most Bitcoin transactions on this particular platform. However, the number of total BTC transactions from El Salvador on this platform is still undisclosed, but it can range between 25-30% of the total Bitcoin transactions here.

Possible Reasons

El Salvador has been a step ahead in crypto-friendliness. It was the first country to announce Bitcoin as a legal tender, which can be the most credible reason for the highest Bitcoin transactions on this or any other crypto payment processor. Talking of global stats, there are 109k crypto owners in El Salvador, accounting for less than 2% of the total population. However, the legalization can inspire more El Salvador citizens to adopt and spend cryptocurrencies.

Final Words

The five countries mentioned above are examples of the growing trend of crypto adoption and crypto payments. Their trust in cryptocurrencies as well as crypto payment gateways uplifts the trend significantly. Dedicated countries like these and reliable platforms like Coinremitter have the potential to turn the term Accept Crypto Payments into a slogan.