PreprintArticleVersion 1This version is not peer-reviewed
The Role of Cryptocurrencies in Emerging Markets: Investigating the Growing Adoption of Cryptocurrencies in Developing Countries, Their Potential to Improve Financial Inclusion and Economic Empowerment
Version 1
: Received: 1 July 2024 / Approved: 1 July 2024 / Online: 2 July 2024 (10:10:26 CEST)
How to cite:
El Hajj, M.; Farran, I. The Role of Cryptocurrencies in Emerging Markets: Investigating the Growing Adoption of Cryptocurrencies in Developing Countries, Their Potential to Improve Financial Inclusion and Economic Empowerment. Preprints2024, 2024070114. https://doi.org/10.20944/preprints202407.0114.v1
El Hajj, M.; Farran, I. The Role of Cryptocurrencies in Emerging Markets: Investigating the Growing Adoption of Cryptocurrencies in Developing Countries, Their Potential to Improve Financial Inclusion and Economic Empowerment. Preprints 2024, 2024070114. https://doi.org/10.20944/preprints202407.0114.v1
El Hajj, M.; Farran, I. The Role of Cryptocurrencies in Emerging Markets: Investigating the Growing Adoption of Cryptocurrencies in Developing Countries, Their Potential to Improve Financial Inclusion and Economic Empowerment. Preprints2024, 2024070114. https://doi.org/10.20944/preprints202407.0114.v1
APA Style
El Hajj, M., & Farran, I. (2024). The Role of Cryptocurrencies in Emerging Markets: Investigating the Growing Adoption of Cryptocurrencies in Developing Countries, Their Potential to Improve Financial Inclusion and Economic Empowerment. Preprints. https://doi.org/10.20944/preprints202407.0114.v1
Chicago/Turabian Style
El Hajj, M. and Imad Farran. 2024 "The Role of Cryptocurrencies in Emerging Markets: Investigating the Growing Adoption of Cryptocurrencies in Developing Countries, Their Potential to Improve Financial Inclusion and Economic Empowerment" Preprints. https://doi.org/10.20944/preprints202407.0114.v1
Abstract
The present study discusses how adopting cryptos affects financial inclusion in developing economies. Primary constructs like Financial Inclusion (FI), Perceived Economic Empowerment (PEE), Trust in Financial Institutions (TFI), User Satisfaction (US), and Cryptocurrency Adoption (CA) were tested through Structural Equation Modeling (SEM). The results indicated that CA significantly and positively influenced FI, US, TFI, and PEE. These relationships extend to the interaction effects: US, TFI, and PEE all positively related to FI. It is a reflection of cryptocurrencies as an opportunity to redress most of the afflictions characteristic of traditional finance systems and to promote financial inclusion and economic empowerment in developing countries. Future research should also investigate whether digital literacy and regulatory environments support cryptocurrency access.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
