Wu said that a recent joint survey by Consensys and YouGuv shows that the penetration rate of cryptocurrencies in emerging markets is significant. Within the next year, the willingness of the Nigerian public to invest in cryptocurrencies is as high as 93%, followed by South Africa at 77%, and the Philippines, India, and Indonesia at 59%, 58%, and 54% respectively. In contrast, the willingness to invest in developed markets is generally lower, with only 15% in the UK and 41% in the US. The survey also found that market volatility, fraud risk, and technological barriers are the main investment obstacles, and 47% of respondents believe that there is still room for improvement in the traditional banking system.