According to Odaily, Consensys has released a new Web3 survey conducted in collaboration with YouGov, shedding light on cryptocurrency adoption trends across various regions. The survey highlights the significant penetration of cryptocurrencies in emerging markets, with Nigeria leading the charge, followed closely by South Africa. The findings reveal that the top five jurisdictions most likely to invest in cryptocurrencies over the next 12 months are Nigeria (93%), South Africa (77%), the Philippines (59%), India (58%), and Indonesia (54%). Conversely, Europeans, Canadians, and Japanese are the least likely to purchase cryptocurrencies, with the UK respondents scoring the lowest at 15%, and the US at 41%, positioned between Brazil (43%) and Argentina (39%).
The survey also identifies key barriers to cryptocurrency investment, including concerns about volatility, scams, and a lack of foundational knowledge. A significant number of respondents either do not understand the purpose of blockchain technology or find it too complex, perceiving cryptocurrency investments as suitable only for tech-savvy individuals. Additionally, 47% of respondents believe that the current banking system functions well but acknowledge room for improvement. Meanwhile, 18% think a complete overhaul is necessary, and 19% are content with maintaining the status quo.
Alex