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Survey reveals regional variations in attitudes in direction of cryptocurrencies

June 29, 2023

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ConsenSys and YouGov collectively launched a complete research on Tuesday specializing in cryptocurrencies and the Web3, revealing stark variations between developed and rising markets. The survey, which was carried out in late April and Might of this yr, collected responses from greater than 15,000 individuals aged 18 to 65.

Contributors come from 15 international locations in Africa, America, Asia and Europe. An awesome majority (92%) expressed their perceptions of cryptocurrencies, however the similarities finish there.

The survey outcomes spotlight that whereas respondents in growing international locations are typically optimistic about cryptocurrencies, developed international locations are extra skeptical.

Notably, 65% of Nigerians expressed a robust curiosity in proudly owning cryptocurrencies as a retailer of worth. In distinction, US, German and UK buyers had totally different motivations for proudly owning digital belongings.

In response to a ConsenSys spokesperson, these within the aforementioned developed international locations cited “curiosity” as one of many principal causes they invested in cryptocurrencies, with the purpose of gaining a deeper understanding of the trade via experimentation.

Equally, 56% of Argentines really feel the necessity to personal cryptocurrencies as a result of volatility of their native forex.

The survey additionally revealed that totally different areas have totally different perceptions of Web3. In developed international locations, 78% of respondents are aware of the idea, whereas in rising international locations this determine drops to 64% of him. This distinction could be attributed to variations in Web entry and expertise infrastructure between the 2 teams.

Moreover, the analysis explores well-liked attitudes in direction of decentralized finance (DeFi), a key part of the Web3 ecosystem. In response to the report, 40% of members in growing international locations see DeFi as a chance for monetary inclusion and empowerment. In distinction, people in developed international locations have been extra cautious, with solely 24% expressing the identical opinion.

The collaboration between ConsenSys and YouGov highlights the significance of understanding regional variations in cryptocurrency and Web3 adoption. The findings spotlight the necessity for personalized methods to advertise training and recruitment in several financial contexts.

Because the cryptocurrency panorama continues to evolve, trade leaders and policymakers alike want to concentrate on the nuanced views and motivations driving particular person participation in these rising applied sciences. In doing so, we will foster an surroundings conducive to inclusive and accountable cryptocurrency adoption no matter regional variations.

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(tag translation) Crypto