Nigeria tops Brazil, France, others as most crypto-savvy country – Report

Nigeria tops Brazil, France, others as most crypto-savvy country – Report

ALL AFRICA

The researchers polled a representative sample of over 15,000 people across several countries, including Nigeria, between April and May.

Despite reservations about online trading in the country, a new report has ranked Nigeria as the most crypto-savvy country, ahead of Brazil and France.

The survey conducted by leading web3 software technology company, Consensys said Nigerians had displayed an overwhelming crypto awareness.

The survey, conducted online by the international online research data and analytics technology group YouGov, polled a representative sample of over 15,000 people across countries, including Nigeria, between April and May.

The 15 countries where fieldwork for the data-gathering exercise was conducted are Argentina, Brazil, France, Germany, India, Indonesia, Japan, Mexico, Nigeria, South Africa, South Korea, The Philippines, the UK, the US, and Vietnam.

Unveiling the data gathered from the global survey on web3 and crypto, Consensys revealed that 99 per cent of Nigerian respondents demonstrated awareness of crypto, and over 70 per cent accurately guessed what a blockchain is, which is the highest among all countries surveyed.

“The result also showed Nigerians believe in the future of crypto, as many Nigerian respondents familiar expressed belief in crypto’s potential as the future of money (58%) and the future of digital ownership (48%), surpassing those who see it as a form of speculation (9%) or scam (6%).

“The desire for increased ownership was also demonstrated, with 90% of Nigerian respondents believing they add value to the internet, while 87% believe they should own what they make on the internet. However, only 48% of Nigerian respondents believe they are adequately compensated for the value and creativity they add to the internet,” the report reads…

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Nigeria tops Brazil, France, others as most crypto-savvy country - Report

 

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