ConsenSys and YouGov collectively launched an in-depth survey on cryptocurrencies and Web3 on Tuesday, revealing stark variations between developed and rising economies. On the finish of April – Might of this 12 months. The survey gathered greater than 15,000 respondents between the ages of 18 and 65.
Contributors come from 15 completely different nations in Africa, America, Asia and Europe. Though the overwhelming majority (92%) indicated that they’re conscious of cryptocurrencies, the similarities finish there.
The findings highlighted the general optimism of respondents from creating nations in the direction of cryptocurrencies, whereas developed nations confirmed a extra skeptical stance.
Notably, 65% of Nigerians have expressed a robust curiosity in proudly owning cryptocurrencies as a retailer of worth. In distinction, buyers from the US, Germany and the UK cited completely different motivations for holding digital property.
In response to a ConsenSys consultant, people from the aforementioned developed nations cited “curiosity” as one of many essential causes for investing in cryptocurrencies, to achieve a greater understanding of the trade by way of experimentation.
Additionally, 56% of Argentines really feel the necessity to personal cryptocurrencies because of the instability of the native foreign money.
The survey additionally revealed completely different data about Web3 in several areas. Whereas 78% of respondents in developed nations are accustomed to the idea, this quantity drops to 64% in rising economies. This distinction could also be attributable to variations in Web entry and know-how infrastructure between the 2 teams.
As well as, the survey examines the overall method to decentralized finance (DeFi), a key part of the Web3 ecosystem. The report reveals that 40% of individuals from creating nations see DeFi as a chance for monetary inclusion and empowerment. Quite the opposite, folks from developed nations had been extra cautious – solely 24% expressed the identical opinion.
The collaboration between ConsenSys and YouGov highlights the significance of understanding regional variations in adoption of cryptocurrencies and Web3. The findings spotlight the necessity for tailor-made methods to advertise schooling and adoption in several financial contexts.
Because the cryptocurrency panorama continues to evolve, trade leaders and policymakers want to acknowledge the nuanced views and motivations behind private participation in these rising applied sciences. By doing so, they will create an atmosphere conducive to inclusive and accountable adoption of cryptocurrencies, no matter regional variations.
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