The analysts came to this conclusion by examining the level of crypto-users, businesses allowing crypto payments, Google search volume, the number of crypto ATMs in the country, the popularity of DeFi exchanges and protocols, traders activity and so on.

It's absolutely that the crypto-payments industry is evolving even though the market is bearish and many investors have gone into cash. We have a lot to look forward to at this unique time in finance, when the monetary system is on edge and cryptocurrencies are starting to get glimpses of sympathy from regulators.

Let's see what happens next and stay in touch.

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