When looking at the adoption rate in which cryptocurrency has been embraced across the developed world, Australia is usually amongst the top countries. In fact, the Land Down Under is the top nation in this regard, as it has the highest percentage of the countries that are considered first-world, with it approximately standing at 23%. In terms of its global standing, that figure ranks it at eighth.
To provide some more context, approximately 4.5 million Aussies are thought to own some form of cryptocurrency. This is an increase on the figures that were experienced in 2022 and 2021 (4.2 million and 3.4 million, respectively) and doesn’t appear to be showing any signs of slowing down. The reason for the growth has been put down to those within the Millenials age bracket, with it rising by just over 5% from 35.6% to 40.7% – with the state of Victoria being the main area of growth as around 21% of people that reside there holding it in some capacity.
Australia’s Dynamic Cryptocurrency Ecosystem
As a result, there has been an added acceptance of digital currency across the nation, highlighting the country’s dynamic cryptocurrency ecosystem. There have been several startups that have been created within Australia that are based on the tokens, while there are various industries that have also allowed customers to make financial transactions with the tokens that they hold. Cryptocurrency can be used to make payments for a variety of different things, with many having been able to use them for entertainment mediums like gaming.
With Australia’s rich gaming culture, it’s hardly a shock that players have been given the ability to make payments using Bitcoin or any other alternative. This is especially true of the iGaming niche, with many enjoying pokies with their digital assets. You can check this page with the best online pokies and start enjoying the same experiences that others have been obtaining. Discover a variety of games that cater to every taste and skill level, ensuring every session is as thrilling as the last.
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Transactions that are made when playing games or paying for other services have become more secure due to the implementation of certain security technologies. At the same time, they have also become more instantaneous. This has been a huge advantage for many, as they know that they’re protected at all times and their money is safe.
The Cryptocurrency Education Landscape
As a result of the benefits that cryptocurrency provides and the impact that can be experienced, it’s no surprise that the rate of adoption across the country has continued to escalate and grow to new heights. This has had a knock-on effect in terms of the popularity that is being experienced, thus leading to new academic and educational opportunities.
Universities and colleges around the country have started to make course degrees available for undergraduates. The Kingston Institute Australia offers two degrees that can be taken by students looking to learn more about blockchain, with a Diploma and Advanced Diploma of Applied Blockchain both possible to take.
The University of Melbourne is ranked as the #1 option for students in the country looking to take a course in Blockchain and Cryptography, with the University of New South Wales and the University of Wollongong ranked #2 and #3 respectively.
In addition, there are many virtual courses that are hosted around the country that can give students the education that they may need to fully understand crypto and potentially adopt it for themselves to then use. These courses can provide students who complete their studies with specialized certifications, which could then allow them to acquire future employment within the sector.
Specialized certificates such as Certified Compliance Professional in Cryptocurrency Financial Crimes (CCPC™) and Certified Cryptocurrency Expert™ (CCE) are available to obtain, and these could be used to gain employment in specialist fields where the candidate pool is perhaps a little less crowded. For instance, those who complete and receive the certificate for the Certified Compliance Professional in Cryptocurrency Financial Crimes (CCPC™) course may be able to get a governmental role where they are looking at how money is being illegally used, as they can identify the red flags associated with each of the activities when digital currency is being used. This could be something of significance in the future, as licenses may be required in terms of crypto regulation for certain processes that may be followed.
Australia Can Benefit From a Crypto-Educated Population
Of course, with Australia’s status as one of the top adopters of cryptocurrency, this industry is only likely to continue to burgeon. As a result, more people are going to be required to fill vacancies that are likely to become available, thus providing more career opportunities which can have an influential impact on the country as a whole in terms of its economy and economic output.
Technology continues to develop at a fast rate, and as it’s likely to provide new features and benefits in the future, the country’s step to offer its population the chance to be educated in the field has to be considered an extremely productive idea.
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