Crypto Wallets: The New Banks Powering Emerging Markets’ Financial Revolution?
Bitget’s 2025 report reveals crypto wallets are transforming finance in emerging markets, with 60%+ of users in Southeast Asia and Africa using them for remittances. Could wallets replace banks? Explore the shift reshaping global economies!
On May 28, 2025, Bitget Wallet’s Onchain Report revealed crypto wallets are becoming vital financial tools in emerging markets, where 60% of users in Southeast Asia and Africa rely on them for remittances, per Crypto News. Surveying 4,599 users, the report shows 48% trade tokens, 46% claim airdrops, and 40% make payments, with 41% in Latin America using wallets to hedge inflation. Unlike Europe’s trading-focused users, emerging markets leverage wallets for daily needs due to unreliable banking systems.
With over 80 million users, Bitget Wallet’s non-custodial platform supports 130+ blockchains, offering swaps, staking, and payments, per bitcoinethereumnews.com. This shift, driven by high remittance costs and limited banking access, positions wallets as “onchain super apps.” However, security concerns—like 2024’s $400M Vietnam scam—highlight risks. For beginners, this signals crypto’s practical utility but demands caution. Use trusted wallets, enable two-factor authentication, and diversify to safely join this financial revolution reshaping emerging economies.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
