TechFlow reports that on December 12, a joint survey by Consensys and YouGuv revealed significant cryptocurrency penetration in emerging markets. Within the next year, willingness to invest in cryptocurrencies reaches as high as 93% among Nigerians, followed by 77% in South Africa, and 59%, 58%, and 54% in the Philippines, India, and Indonesia respectively. In contrast, investment intentions are generally lower in developed markets, with only 15% in the UK and 41% in the US. The survey also found that market volatility, fraud risks, and technical barriers are major obstacles to investment, while 47% of respondents believe traditional banking systems still have room for improvement.
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