Poll: majority of Africans invest in cryptocurrency for children

October 15, 2021

Poll: majority of Africans invest in cryptocurrency for children

The majority of surveyed cryptocurrency investors from Africa said that the main motivation for making money is for family well-being. This was reported by Business Insider Africa.

According to the Luno survey, 78% of respondents save regularly; among the general population, the figure is lower at 65%. Only 3% do not have an investment plan.

Almost half (48%) of respondents are willing to invest their wages in cryptocurrencies to pay for their children's education, 43% to build seed capital for children and/or grandchildren, and 39% to save.

More than half of Nigerians (55%), South Africans (56%) and Kenyans (64%) would not consider investing in digital assets due to a lack of awareness.

An earlier survey showed that men are twice as likely as women to invest in cryptocurrencies. The latter, according to a recent survey, buy digital assets based on their capitalisation.

To recap, polls showed that one in four Americans would approve of bitcoin legalisation and one in three Texans would be willing to pay with cryptocurrency.

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Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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