Cryptocurrency in Cameroon: A Survey on Human Development Benefits

This document presents a survey questionnaire designed to investigate the perceived human development benefits of cryptocurrency in Cameroon. The survey explores various aspects, including the participants' knowledge and usage of cryptocurrency, their expectations for its future as a leading digital currency, and their agreement with statements regarding its impact on remittance costs, access to banking services for the unbanked, and overall advantages and disadvantages. Specific questions delve into the importance of factors such as cryptocurrency's role in storing value, decentralizing transactions, speeding up remittances, portfolio management, and enhancing financial inclusion. Furthermore, the survey addresses potential drawbacks like volatility, security risks (double-spend attacks), and its use in illicit activities. The questionnaire concludes by assessing the perceived impact of cryptocurrency on reducing remittance fees, promoting authenticity, increasing transaction speed, reducing fraud, and enhancing enterprise competitiveness in the Cameroonian context. The survey results will contribute to a thesis research on the topic and are meant for academic purposes.

Survey Topic: What are the Human developments Benefits of Cryptocurrreny in
Cameroon?

Cryptocurrreny Survey
Dear Participants,
Thank you for your participation into the thesis research and your feedback is very important
for my research study. The questionnaires are conducted for the academic purposes and no
personal information is published.
1. What is your age?
 18-34
 35-54
 55- 74
 Above 75
2. What is your gender?
 Male
 Female
3. What is your knowledge of cryptocurrency?
 Very much
 Somewhat
 Average
 Not really
 Not at all
4. Have you ever used cryptocurrency?
 Yes
 No

5. Do you expect that cryptocurrency will become leading digital currency over next 5
years?
 Yes
 No
6. How much do you agree that with cryptocurrency, there is reduction of remittance cost
and hassle to receive international money transfer?
 Strongly disagree
 Disagree
 Neutral
 Agree
 Strongly agree
7. Do you agree that cryptocurrency services such as MPesa, BitPesa helps unbanked
people to access to banking services?
 Yes
 No
8. How important are following factors as advantages of the cryptocurrency?
Low
advantage
Medium
advantage
High
advantage
Cryptocurrency is a way for me to store and
keep the value of my assets
The entire transactional system becomes
decentralized
Sending remittances through blockchain

takes shorter time
Bitcoin is useful tool for portfolio
management and market analysis
It becomes better banking medium for the
unbanked people
Better Delivery of Services by Financial
Institutions
Improved Import and Export Trading
It allows the stakeholders to view the
taxpayer’s money which is spent
Increases the speed of the transaction
9. How important are following factors as disadvantages of the cryptocurrency?
Low
disadvantage
Medium
disadvantage
High
disadvantage
High volatility creates problem to short
term
Double-spend attack when receiving of
payment on blockchain
There is irreversible transactions as the
protocol provides no way for payer to
reserve unwanted purchase

Cryptocurrency is used for financial
terrorism and purchase of guns
Bitcoin is Too Volatile to Bet on Short-
Term Price Movements
It is attractive target for the cybercrime
10. Is it easier to do payment with the local currency than bitcoin in Cameroon?
 Yes
 No
11. How much do you agree that cryptocurrency reduce remittance fees for human
development?
 Strongly disagree
 Disagree
 Neutral
 Agree
 Strongly agree
12. Does cryptocurrency provide authenticity benefits to the human and help to break down
cooperation of people and substances?
 Yes
 No
13. How much do you agree that cryptocurrency increase ability to send money anywhere
and raise the speed of transaction?
 Strongly disagree

 Disagree
 Neutral
 Agree
 Strongly agree
14. How much do you agree that cryptocurrency reduce the chances to use of personal data
for fraud?
 Strongly disagree
 Disagree
 Neutral
 Agree
 Strongly agree
15. Do you agree that use of cryptocurrency provide significant advantage in enhancing the
competitiveness of enterprises?
 Yes
 No