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A Study on Public Perception on the Adoption of Central Bank Digital Currency (CBDC) in Ireland

Abass, Damilola (2022) A Study on Public Perception on the Adoption of Central Bank Digital Currency (CBDC) in Ireland. Masters thesis, Dublin, National College of Ireland.

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The advent of blockchain technology and its application within the financial system has spurred debates, especially with regards to the implication of digital currencies. As a reactive response to the effects of privately issued digital currencies and the absence of regulatory implications and government power/control, researchers have proposed justifications for the issuance of central bank digital currencies as well as suggestions regarding its design. However, there is the absence of sufficient study regarding public perception and adoption of CBDCs and their willingness to trade-off financial freedom and privacy for national and economic benefits. The study focused on Ireland and sought to identify trust drivers and determine the public’s perception of CBDC. It adopted a quantitative analysis using the Unified Theory of Acceptance and Use of Technology (UTAUT) model and obtained responses via a survey. The paper adopted statistical approaches such as Descriptive Statistics, Frequency, Chi-Square Test, Cronbach’s Alpha Test and Factor Analysis. The results showed that individuals are knowledgeable about digital currencies and that higher education and employment status influence the decision to adopt the CBDC. Also, the study hints that anonymity, reversibility, security and privacy are trust drivers for CBDC adoption.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > Money > Currency
D History General and Old World > DA Great Britain > Ireland
Divisions: School of Computing > Master of Science in FinTech
Depositing User: Clara Chan
Date Deposited: 04 Nov 2022 15:18
Last Modified: 04 Nov 2022 15:18

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