According to PANews, the Web3 survey conducted by Consensys and YouGuv showed that cryptocurrencies have a high penetration rate in emerging markets, with Nigeria and South Africa performing outstandingly. In the next 12 months, 93% of respondents in Nigeria plan to invest in cryptocurrencies, while the figure for South Africa is 77%.
The regions least likely to invest in cryptocurrencies include Europe, Canada and Japan, with the UK having the lowest number of respondents at 15%. The US is at 41%, between Brazil (43%) and Argentina (39%).
The main factors that hinder investment are volatility, scams and lack of basic knowledge. 47% of respondents believe that the current banking system is good, but 18% believe that it needs to be completely rebuilt, and 19% believe that the status quo can be maintained.