Nigeria is Leader in Digital Currencies Adoption in Africa: Survey

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A ConsenSys and YouGov survey of 15,158 people aged 18 to 65 years from 15 countries revealed that Nigeria is a leader in the adoption of digital currencies on the African continent.

This high level of awareness was, according to the study, found to be higher than the world’s leading economies such as the UK, USA, Japan and Germany.

The survey also revealed that 90% of respondents from Nigeria expressed a willingness to invest in digital assets by 2024 and 65% of those surveyed believed that crypto could help protect their savings from inflation.

Incidentally, the country’s authorities have sought to expel the Binance exchange from the domestic market, citing a violation of investor protection laws.

South African respondents also showed a high degree of awareness about the Web3 industry with 98% of respondents indicating they were aware of its existence.

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