For a variety of reasons, cryptocurrency adoption is on the rise. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream.

The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by the end of next year, at least five countries will have accepted (BTC() As a legal tender. Crypto assets may be quicker and cheaper to send money.