Pinoys know cryptocurrency but don’t understand it–poll

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The story "Pinoys know cryptocurrency but don’t understand it–poll" was covered 5 days ago by Business Mirror, a news publisher based in Philippines.

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Pinoys know cryptocurrency but don’t understand it–poll - Business Mirror

Quick Summary:

CRYPTOCURRENCY awareness is exceptionally high in the Philippines, with 96 percent of respondents having heard of it, according to blockchain and Web 3 software company Consensys Software Inc.(Consensys).

In the Philippines, awareness of Web3 (a decentralized Internet) and non-fungible tokens (NFT) also remain low at 28 percent and 37 percent, respectively.

It noted there was also an increase in of global participation in Web3 activities, such as minting NFTs, owning tokens, and using wallets this year, one-third of those familiar with Web3 now use wallets, the understanding of Web3 remains limited globally.