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Survey: Half of Africans Invest in Crypto to Pay for Their Children’s Education

Amy Liu

Summary: The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital assets. Per the results, most residents of the three African countries are financially savvy and invest in sensible and ...

The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital assets.

Per the results, most residents of the three African countries are financially savvy and invest in sensible and long-term goals as 69% of them deal with crypto to provide a better life for their families. 48% would allocate their salaries in digital assets to pay for their children’s future educational costs. 

Marius Reitz – Luno’s General Manager for Africa – described the situation in Africa as a “crypto revolution,” adding that there is vast potential in the continent.

By Amy Liu

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