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A survey that includes respondents from all seven continents means that Nigeria has essentially the most crypto-aware inhabitants globally.
A worldwide survey that includes respondents from 15 nations signifies that Africa’s largest financial system, Nigeria, has essentially the most cryptocurrency-aware inhabitants on this planet.
ConsenSys and YouGov launched the findings from the worldwide Web3 notion survey, which sought to offer each macro and regional insights into the notion of various nations towards cryptocurrencies and the broader Web3 ecosystem.
A key takeaway from the information obtained from the qualitative survey was that two African nations rank highest for consciousness of cryptocurrencies.
In line with the survey, 99% of Nigerians and 98% of South Africans are extra educated about Web3 than individuals in main economies like the UK, america, Japan, and Germany.
The survey included 15,158 people residing in 15 nations, aged between 18 and 65.
Of the Nigerian respondents, 70% stated they understood the basic ideas of blockchain know-how.
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Nigeria’s data of the cryptocurrency sector is mirrored by crypto possession amongst its inhabitants.
Of the 1,001 respondents from Nigeria, 76% both held or beforehand held cryptocurrencies. Bitcoin
and Ether
ETH
$1,634
had been essentially the most generally owned, whereas BNB
BNB
$216
and Dogecoin
DOGE
$0.06
ranked larger than the world’s largest stablecoin Tether
USDT
$1.00
90% of the Nigerian respondents expressed curiosity in investing in cryptocurrencies within the subsequent 12 months, whereas 65% famous that cryptocurrency provided a way to hedge in opposition to hyperinflation and financial devaluation.
Contemplating that the Central Financial institution of Nigeria minimize ties between cryptocurrency exchanges and companies and native banks in February 2021, 50% of respondents indicated that regulators ought to create legal guidelines that encourage participation whereas defending buyers.
ConsenSys has revealed its information and insights referring to all 15 surveyed nations.
Of United States respondents, 95% stated they had 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 beforehand owned cryptocurrencies.
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