The Internet’s Money

Opportunities

Where the internet’s money doesn’t reach yet

In 118 countries, 3 or fewer of the 12 payment, account and payout providers we track will onboard a local business. Many of those places are open to stablecoins. That gap is the opportunity.
Gap, with a stablecoin path105countriesGap, stablecoins restricted13countriesThin coverage9countriesClosed5countriesWell served38countries

The map of gaps

Gap, with a stablecoin path Gap, stablecoins restricted Thin coverage Closed Well served

Who could close the gap

Stablecoin infrastructure reaches further than card rails

Anyone with a phone and an internet connection can already hold and send stablecoins in a self-custody wallet. What most gap countries lack is a regulated way to swap them for local money. These providers generally serve countries outside a published restricted list rather than inside an approved one. We have not confirmed each gap country with them, so treat these as leads, not answers.

BridgeStablecoin infrastructureConfirmed in 18 gap countries. May serve 92 more with a stablecoin path.BVNKStablecoin infrastructureConfirmed in 18 gap countries. May serve 92 more with a stablecoin path.RainCard issuingConfirmed in 18 gap countries. May serve 92 more with a stablecoin path.

Gap, with a stablecoin path

105

Businesses here are largely cut off from the global payment rails. The stablecoin rules do not rule stablecoins out, so stablecoin infrastructure could be the bridge, where the provider’s own checks allow it.

Latin America

Europe

Middle East

Africa

Asia-Pacific

Gap, stablecoins restricted

13

Few traditional providers and restrictive stablecoin rules. These are the hardest places to get paid from abroad.

Latin America

Middle East

Africa

Asia-Pacific

Thin coverage

9

Some global providers onboard local businesses, but choice is narrow and terms are often limited.

Latin America

Middle East

Asia-Pacific

Closed

5

Comprehensive sanctions or provider exits mean no provider we track will serve businesses here.

Latin America

Europe

Middle East

Asia-Pacific

How we decide

  • We count the 12 payment processors, global accounts, payout platforms and business banks we track that onboard businesses registered in the country, fully or with limits. Stablecoin infrastructure and card issuers are counted separately, because they are the possible bridge.
  • 3 or fewer is a gap. The stablecoin rules then decide whether the gap has a stablecoin path or not.
  • Countries we have not reviewed in depth only count providers with a published country list. Providers that serve most of the world, like PayPal and Payoneer, show as “not yet reviewed” there, so a gap may be smaller than it looks.
  • Know better? Every country page has an “Is this right?” button. How corrections work.