Mastering Crypto
07/03 08:20
Crypto Mass Adoption
Meanwhile, the survey findings also suggested that half of South Africa’s population believes the financial system could be improved. An even larger proportion of the respondents said the technology to improve the financial system already exists.
80% Of the population of South Africa agrees that we currently have the technology required to transform or fully rebuild the financial system. Only 4% disagree with that,” the survey report said.
Concerning cryptocurrencies, the survey found that 98% of the respondents have heard about cryptocurrencies. However, as much as 59% believe scams are one of the biggest barriers stopping many from dabbling with cryptos. Just under half of the respondents (48%) named the crypto market’s volatility as a significant barrier, while 40% thought the financial technology backing cryptocurrencies is too complex and only for the tech-savvy. Just 13% of the respondents said the “technology is not innovative or different from what exists now.”
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