Nigeria has emerged as a global leader in cryptocurrency awareness, according to a recent study by blockchain and Web3 software company Consensys. The survey, conducted by YouGov and Consensys, was taken by 15,158 people across 15 countries, including the U.S., the U.K., Argentina, France, India, Japan, Mexico, South Korea, the Philippines, and Nigeria.The survey found that 99% of Nigerians have heard of cryptocurrencies, and 91% are willing to invest. 58% of Nigerians believe cryptocurrencies represent the future of money, and 48% believe they represent the future of digital ownership. 43% of the respondents see crypto as a means to engage in the global financial ecosystem, while 50% believe the sector should be regulated and participation should be encouraged.Most Nigerians buy crypto to diversify their portfolio, while others have done so due to the instability of the Nigerian naira. The most popular assets among Nigerians are bitcoin, ether, BNB, DOGE, and Tether USDT. The biggest barriers to entry into the crypto ecosystem are the perception of a volatile market and the fear of scams.However, despite the high awareness of cryptocurrencies, Consensys found that there is less awareness and practical understanding of Web3 technologies. Only 21% of the respondents said they were very familiar with the concept of Web3. The lack of Web3 awareness was evident in the global population, with only 8% of all surveyees considering themselves very familiar with the idea behind it.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Africa |
| Countries | 🇳🇬 🇺🇸 🇬🇧 🇦🇷 🇫🇷 🇮🇳 🇯🇵 🇲🇽 🇵🇠|
| Sentiment | neutral |
| Relevance Score | 8 |
| People | PrimeXBT, YouGov, Consensys, Binance, None |
| Companies | PrimeXBT, YouGov, Consensys, Binance, None |
| Currencies | Tether, BNB, Dogecoin, Ethereum, Bitcoin |
| Securities | None |
