How do security and benefits instill trustworthiness of a digital local currency?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26441021%3A_____%2F22%3AN0000004" target="_blank" >RIV/26441021:_____/22:N0000004 - isvavai.cz</a>

Alternative codes found

RIV/04130081:_____/20:N0000002

Result on the web

<a href="http://economic-research.pl/Journals/index.php/oc/article/view/1814" target="_blank" >http://economic-research.pl/Journals/index.php/oc/article/view/1814</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.24136/oc.2020.018" target="_blank" >10.24136/oc.2020.018</a>

Result language

angličtina

Original language name

How do security and benefits instill trustworthiness of a digital local currency?

Original language description

Research background: The existence of new technologies and increase in the extensive usage of the internet by individuals, forces governments, local authorities and practitioners to create alternative payment methods such as digital currencies. However, some of the individuals are concerned about trusting these currencies since they negatively perceive their security. Moreover, some people with low income have the willingness to use these currencies in case of receiving some financial benefits. In this regard, security and benefits have been used as tools to increase the trustworthiness of digital currencies. Purpose of the article: The goal of this study is to investigate and to examine the influences of security and benefits of a local digital currency on potential users? trust in this currency. This paper also considers the age and work experience of prospective users and investigate these variables? effects on stated relationships. Methods: This paper is based on a case study that includes 413 respondents who are workers of a large company in Cieszyn Silesia region of the Czech Republic. A questionnaire survey was employed by researchers to determine the perceptions of potential local currency users. Binary logistic regression analyses were performed to examine the relationships between selected variables. Calculations were made using SPSS Statistics software. Findings & Value added: The results of this paper confirm the positive influences of security and provided benefits on the trust of a digital currency. Regarding characteristics of potential users, perceptions of younger and less experienced users regarding the security and financial benefits are more positive to trust this currency comparing to older and more experienced respondents. Trade freedom of a country, long term orientation and individualistic characteristics of potential users might be reasons for the positive relation-ships between security, benefits and trust in a local digital currency. On the other hand, the income of prospective users, new technology curiosity, and experience of users might be mounting pieces of evidence to explain the differences in the perceptions of potential users regarding security, benefits and trust to a local digital currency. This paper also proposes some policy implementations to users, practitioners, local authorities and governments to make them cope with the security and trust issues of these currencies.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

<a href="/en/project/TL02000562" target="_blank" >TL02000562: Research on the potential of introducing a local currency for the sustainable development of the territory</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Oeconomia Copernicana

ISSN

2083-1277

e-ISSN

2353-1827

Volume of the periodical

11

Issue of the periodical within the volume

3

Country of publishing house

PL - POLAND

Number of pages

33

Pages from-to

433-465

UT code for WoS article

000571805000002

EID of the result in the Scopus database

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