(Originally posted on : Crypto News – iGaming.org )<\/b>
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Coinbase<\/a> <\/strong>has released its latest State of Crypto<\/em> report, developed in collaboration with Ipsos, to examine how blockchain technology and cryptocurrencies are perceived in Argentina, Kenya, the Philippines, and Switzerland. The study<\/a><\/strong> highlights the role of crypto in addressing financial challenges across these countries, each with unique socioeconomic conditions.<\/p>\n The survey collected responses from 4,000 adults in the four countries, chosen to reflect diverse geographic, cultural, and economic backgrounds. Despite their differences, these countries share a common perspective: dissatisfaction with their financial systems and a belief that blockchain and crypto could provide solutions.<\/p>\n The report reveals that less than half of the respondents in all four countries believe their financial systems will improve their lives compared to the previous generation. In Argentina and the Philippines, people feel their current financial situation is slightly better than before, though far from ideal. In contrast, respondents in Kenya and Switzerland are more critical of recent financial developments, preferring earlier systems.<\/p>\n Across all countries, financial systems were described as \u201cslow,\u201d \u201cexpensive,\u201d and \u201cunstable.\u201d Respondents cited challenges such as a lack of innovation, unfair practices, and the devaluation of their national currencies. Other concerns included excessive centralization and the difficulty of earning and saving money.<\/p>\n Many respondents see crypto and blockchain technology as a way to gain greater financial independence and control. Around 70% of those surveyed believe digital currencies can help achieve these goals. Both crypto owners and non-owners view blockchain as a tool to improve financial systems by making them faster, more accessible, and innovative.<\/p>\nPerceptions of Financial Systems<\/h2>\n
Crypto as a Tool for Change<\/h2>\n