India, May 19 -- Although institutional adoption remains on the rise, in major economies such as the United States, cryptocurrencies continue to be viewed as a highly speculative asset class. However, in the world's emerging markets, adoption of cryptocurrency has been driven more strongly by necessity rather than speculative frenzy.

Blockchain technology has been a game-changer for the world's underbanked, who prior to the emergence of the Web3 economy, were underserved by the traditional financial system. With this, it's no surprise that the countries most rapidly adopting cryptocurrencies for everyday use are primarily those in the developing world.

Crypto industry leaders like Binance have been investing heavily in solving the globa...