Report: Just Over Half of South Africans Have Little to Zero Knowledge About CryptocurrenciesAbout 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said.
South Africans Weigh In on Crypto KnowledgeAccording to the findings of Merchant’s consumer survey study, just over half of South Africans (53%) have little to zero knowledge about cryptocurrency.
The study also found that out of the surveyed South Africans, only 14% believed they had a strong hold on the subject of cryptocurrencies.
A study by Kucoin, on other hand, found that as many as 7.6 million South Africans, or 22% of the country’s adult population, are crypto holders.
Meanwhile, the IOL report states that Merchant’s consumer study also found that more South Africans are likely to embrace cryptocurrencies should traditional banks become involved.
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