Nigeria and South Africa have the most cryptocurrency-aware populace in the world, according to a global survey conducted by Consensys and YouGov. The survey included 15,158 individuals from 15 countries between the ages of 18 and 65. Nigeria had 99% of respondents who indicated that they were aware of cryptocurrencies, while 70% said they understood the fundamental concepts of blockchain technology. Of the 1,001 respondents from Nigeria, 76% either owned or previously held cryptocurrencies. Bitcoin and Ethereum were the most commonly owned, while Binance Coin (BNB) and Dogecoin ranked higher than the use of the world’s largest stablecoin Tether.90% of the Nigerian respondents expressed interest in investing in cryptocurrencies in the next year, while 65% noted that cryptocurrency offered a means to hedge against hyperinflation monetary devaluation. Considering that the Nigerian Central Bank cut off ties between cryptocurrency exchanges and firms and local banks in February 2021, 50% of respondents indicated that regulators should create laws that encourage participation while protecting investors.In the United States, 95% of respondents were aware of crypto, while 42% had heard of the sector but lacked a clear understanding. Only half of the American respondents indicated that they own or owned cryptocurrencies.
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 | 10 |
| People | None |
| Companies | Tether, YouGov, Binance Coin (BNB), Consensys, Dogecoin |
| Currencies | Tether, Dogecoin, Ethereum, COIN, Bitcoin |
| Securities | None |
