Over 80% of African Mineplex users would be interested in buying goods with staked cryptocurrency – Defi Bitcoin News

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Report states that over 80% of African users in the Mineplex market have shown interest in the platform’s raw material staking program since its launch.

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According to a recent study, over 80% of African users have participated in the raw material staking program since its launch as a new product in the Mineplex market. This figure far exceeds that of Asian (23%), European (14%) and American (9%) users who find the staking of raw materials interesting.

As noted in a study report that was shared exclusively with Bitcoin.com News, Mineplex Banking said that this commodity staking option serves as a no-cost alternative to traditional lending and gives users the ability to purchase commodities. products that they cannot immediately afford.

Explaining the clear preference of African users for staked crypto, the report suggests that this could be based on changing tastes and preferences.

“The high level of interest of African users for the new financial instrument may be based on the need to change the system of access to consumer goods and their cryptocurrency purchases for residents of African countries,” the report notes. .

To illustrate this point, the report uses South Africa – which according to a report by The Economist suggested that 86% of the adult population had borrowed a loan – as an example of a country that typifies this interest in staked cryptocurrency.

Flexible terms

He says that in addition to getting loans from traditional financial institutions – which have rigid debt repayment regimes – South Africans also borrow from microfinance organizations that function as online stores and marketplaces. . However, unlike banks, these online stores and marketplaces offer consumers flexible payment terms, hence their popularity with South Africans.

Likewise, with the staking of raw materials, African users, who the report says are faster and more willing to resort to new tools, can purchase electronics and gadgets for as little as 10% of their price. . According to the report, the remaining amount of funds for the purchase is obtained by putting into play the available capital. The goods are delivered at the end of the staking period.

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