{"id":21920,"date":"2023-09-04T10:25:15","date_gmt":"2023-09-04T10:25:15","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/99-of-nigerians-are-crypto-aware-consensys-report\/"},"modified":"2023-09-04T10:25:16","modified_gmt":"2023-09-04T10:25:16","slug":"99-of-nigerians-are-crypto-aware-consensys-report","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/99-of-nigerians-are-crypto-aware-consensys-report\/","title":{"rendered":"99% of Nigerians are crypto aware \u2014 ConsenSys report"},"content":{"rendered":"<div data-v-2649fa34=\"\">\n<p>A global survey featuring respondents from 15 countries indicates that Africa\u2019s largest economy,\u00a0Nigeria,\u00a0has the most cryptocurrency-aware population in the world.<\/p>\n<p>ConsenSys and YouGov released\u00a0the findings from the global Web3 perception survey, which sought to provide both macro and regional insights into the perception of different countries toward cryptocurrencies and the broader Web3 ecosystem.<\/p>\n<p>A key takeaway from the data obtained from the qualitative survey was that two African nations rank highest for awareness of cryptocurrencies. According to the survey, 99% of Nigerians and 98% of South Africans are more knowledgeable about Web3 than people in major economies like the United Kingdom, the United States, Japan and Germany.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Survey question and responses. Source: Consensys\/YouGov Global Web3 Participation Survey<\/em><\/figcaption><\/figure>\n<p>The survey included 15,158 individuals living in 15 countries, aged between 18 and 65. Of the Nigerian respondents, 70% said they understood the fundamental concepts of blockchain technology. <\/p>\n<p>Nigeria\u2019s knowledge of the cryptocurrency sector is mirrored by crypto ownership among its population. Of the 1,001 respondents from Nigeria, 76% either held or previously held cryptocurrencies. Bitcoin (BTC) and Ether (ETH) were the most commonly owned, while BNB (BNB) and Dogecoin (DOGE) ranked higher than the world\u2019s largest stablecoin Tether (USDT).<\/p>\n<p><strong><em>Related:\u00a0Nigeria to tax crypto, digital assets 10% on capital gains \u2014 Experts react<\/em><\/strong><\/p>\n<p>90% of the Nigerian respondents expressed interest in investing in cryptocurrencies in the next year, while 65% noted that cryptocurrency offered a means to hedge against hyperinflation and monetary devaluation.<\/p>\n<p>Considering that\u00a0the Central Bank of Nigeria cut ties between cryptocurrency exchanges and firms and local banks in February 2021, 50% of respondents indicated that regulators should create laws that encourage participation while protecting investors. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/09\/854c00ea-9239-4aee-8619-2b8cdcc5e21f.jpg\" alt=\"\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>Screenshot of a question from the survey. Source: ConsenSys\/YouGov Global Web3 Participation Survey<\/em><\/figcaption><\/figure>\n<p>ConsenSys has published data and insights relating to all 15 surveyed countries. Of United States respondents, 95% said they were aware of crypto, while 42% had heard of the sector but lacked a clear understanding. Only half of the American respondents indicated that they own or previously owned cryptocurrencies.<\/p>\n<p><em><strong><em>Collect this article as an NFT<\/em><\/strong><em> to preserve this moment in history and show your support for independent journalism in the crypto space.<\/em><\/em><\/p>\n<p><em><strong>Magazine:\u00a0How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A global survey featuring respondents from 15 countries indicates that Africa\u2019s largest economy,\u00a0Nigeria,\u00a0has the most cryptocurrency-aware population in the world. ConsenSys and YouGov released\u00a0the findings from the global Web3 perception survey, which sought to provide both macro and regional insights into the perception of different countries toward cryptocurrencies and the broader Web3 ecosystem. A key [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-21920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>99% of Nigerians are crypto aware \u2014 ConsenSys report | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/99-of-nigerians-are-crypto-aware-consensys-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"99% of Nigerians are crypto aware \u2014 ConsenSys report | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"A global survey featuring respondents from 15 countries indicates that Africa\u2019s largest economy,\u00a0Nigeria,\u00a0has the most cryptocurrency-aware population in the world. 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