Cryptocurrency Outside the US

By Nick Colas and Jessica Rabe

Global Crypto Use Cases: Academic Literature Review

• Overarching theme: Disruptive Innovation (Christensen model)

• Central Bank Digital Currencies (CBDCs). Ongoing studies by US Federal Reserve, European Central Bank, People’s Bank of China, others

• Supply Chain Management

• Cross Border E-commerce (Payments and Transactions)

• Remittances by individuals

• Cross Border Data Sharing

• Sector Specific “Smart Contract” Applications: Real Estate, Finance, Tax, Islamic Law (Sukuk trade), Health Care Services, Infrastructure

• Cross Border E-Government Services

• Comparisons of SWIFT and blockchain enabled crypto payments

Andreessen Horowitz “State of Crypto” Index

Based on global measures of innovation/development (supply) and adoption (demand)

Worldwide searches for “Crypto” (last 5-years)

Worldwide searches for “Bitcoin” vs its price (last 5 years)

Worldwide searches for “Ethereum” (last 5 years)

United States: #25

Worldwide searches for “USD coin” (last 5 years)

United States: #43

Worldwide searches for “tether” (last 5 years)

Worldwide searches for “crypto wallet” (last 5 years)

United States: #16

Worldwide searches for “Ethereum upgrade” (last

(data

as of April 12th):

United States: #17

90 days)

Worldwide searches for “FTX” (last 12 months)

Worldwide searches for “Bitcoin” vs “Gold” (last 5 years)