2 years ago
About 53% of South Africans person small to nary cognition astir cryptocurrency, portion lone 14% thought oregon felt they had a amended knowing of the subject, a study has said. Nearly fractional of the respondents said they would lone put successful cryptocurrency if oregon erstwhile their respective banks are involved.
South Africans Weigh In connected Crypto Knowledge
According to the findings of Merchant’s user survey study, conscionable implicit fractional of South Africans (53%) person small to zero cognition astir cryptocurrency. The survey besides recovered that retired of the surveyed South Africans, lone 14% believed they had a beardown clasp connected the taxable of cryptocurrencies. Some 23% of the respondents said they were “neutral.”
As per a report by IOL, young radical aged betwixt 18 and 24 were apt to beryllium much knowledgeable astir cryptocurrencies than those aged 25 and above. The results of this survey look to backmost the findings of an earlier probe study which said lone 11.3% of South Africans are cryptocurrency owners oregon holders.
A study by Kucoin, connected different hand, recovered that arsenic galore arsenic 7.6 cardinal South Africans, oregon 22% of the country’s big population, are crypto holders.
Real Opportunity for Banks
Commenting connected the survey’s findings, Matt Conn, the radical main gross serviceman astatine Merchants said:
There is simply a existent accidental for banks to get progressive successful cryptocurrency arsenic it begins to truly instrumentality disconnected connected the continent, alternatively than waiting until it is much established – by erstwhile consumers are apt to person a preferred level oregon spouse who they person built that spot with.
Meanwhile, the IOL study states that Merchant’s user survey besides recovered that much South Africans are apt to clasp cryptocurrencies should accepted banks go involved. Nearly fractional of the respondents reportedly said they would see investing successful cryptocurrencies if and erstwhile their respective banks commencement offering this service.
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