A worldwide survey that includes respondents from 15 international locations signifies that Africa’s largest financial system Nigeria has probably the most cryptocurrency-aware populace on this planet.
Consensys and YouGov launched the findings from the worldwide Web3 notion survey, which sought to supply each macro and regional insights into the notion that completely different international locations have in direction of cryptocurrencies and the broader Web3 ecosystem.
A key takeaway from the info obtained from the qualitative survey was that two African nations rank highest for consciousness of cryptocurrencies. This means that Nigerians (99%) and South Africans (98%) are extra educated about Web3 than main economies like Nice Britain, United States, Japan and Germany.
The survey included some 15,158 people dwelling in 15 completely different international locations between 18 and 65. Nigeria had 99% of respondents who indicated that they have been conscious of cryptocurrencies whereas 70% stated they understood the basic ideas of blockchain know-how.
Nigeria’s information of the cryptocurrency sector is mirrored by its investedness. Of the 1,001 respondents from Nigeria, 76% both owned or beforehand held cryptocurrencies. Bitcoin and Ethereum have been probably the most generally owned whereas Binance Coin (BNB) and Dogecoin ranked larger than using the world’s largest stablecoin Tether.
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90% of the Nigerian respondents expressed curiosity in investing in cryptocurrencies within the subsequent 12 months, whereas 65% famous that cryptocurrency supplied a method to hedge towards hyperinflation financial devaluation.
Contemplating that the Nigerian Central Financial institution minimize off ties between cryptocurrency exchanges and companies and native banks in Feb. 2021, 50% of respondents indicated that regulators ought to create legal guidelines that encourage participation whereas defending buyers.
Consensys has revealed information and insights regarding all 15 international locations that have been surveyed. 95% of United States respondents have been conscious of crypto, whereas 42% had heard of the sector however lacked a transparent understanding. Solely half of the American respondents indicated that they personal or owned cryptocurrencies.
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