PANews reported on December 12 that Consensys released the latest Web3 survey jointly conducted with YouGuv. The survey further confirmed the high penetration rate of cryptocurrencies in emerging markets, with Nigeria standing out, followed by South Africa. The five jurisdictions most likely to invest in cryptocurrencies in the next 12 months are Nigeria (93%), South Africa (77%), the Philippines (59%), India (58%) and Indonesia (54%). The least likely to buy are Europeans, Canadians and Japanese. British respondents scored the lowest (15%), the United States scored 41%, and between Brazil (43%) and Argentina (39%).
As for the main factors that hinder investment, they include volatility, scams and entry basics. Quite a number of people do not understand the purpose of blockchain or think it is too complicated, and therefore believe that this investment is only suitable for tech-savvy people. In addition, 47% of respondents said that the current banking system works well, but there is still room for improvement. However, 18% believe that a complete reconstruction is needed, while 19% believe that the status quo is sufficient.
