University of Twente Student Theses


Financial Inclusion in the Metaverse : Exploring the Relationship between Education and Attitude towards Cryptocurrencies

Bremers, L.P.Y. (2023) Financial Inclusion in the Metaverse : Exploring the Relationship between Education and Attitude towards Cryptocurrencies.

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Abstract:The growing usage of cryptocurrencies in metaverse economies has raised concerns about their impact on financial inclusivity. This paper explores the relationship between education, attitude towards cryptocurrencies, and financial inclusion within this context. This is done through an online survey which includes 13 statements about cryptocurrencies (n=156). The results are analyzed using chi-square and Fisher exact tests to investigate a significant relationship between the variables. While previous research has indicated a clear correlation between education level and financial inclusion in India, China and South-America, this study fails to find significant evidence of a similar correlation for cryptocurrencies. There is no evidence to support a relationship between education level and cryptocurrency usage, and only 3 out of 13 statements show significance in the correlation between education level and attitudes towards cryptocurrencies. However, the study reveals broad concern regarding the risk of fraud and criminal activity associated with cryptocurrencies. These findings underscore the importance of implementing policies to address these risks effectively. The limitations of this study, including its geographic scope, small sample size, and digital character underscore the need for further research utilizing larger and more diverse samples to enhance generalizability and reduce potential response bias. Future researchers should consider these limitations while also incorporating other relevant elements and alternative frameworks to develop a comprehensive understanding of financial inclusion in the metaverse.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:70 social sciences in general
Programme:International Business Administration BSc (50952)
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