Gender gap in the ownership and use of cryptocurrencies: Empirical evidence from Spain

  1. Náñez Alonso, Sergio Luis
  2. Jorge-Vázquez, Javier
  3. Arroyo Rodríguez, Pablo
  4. Sastre Hernández, Beatriz María
Revista:
Journal of Open Innovation: Technology, Market, and Complexity

ISSN: 2199-8531

Año de publicación: 2023

Volumen: 9

Número: 3

Páginas: 100103

Tipo: Artículo

DOI: 10.1016/J.JOITMC.2023.100103 GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Journal of Open Innovation: Technology, Market, and Complexity

Resumen

Over the last few years, the holding and use of cryptocurrencies, as well as the entire ecosystem of decentralisedfinance (DeFi), has become popular worldwide. However, their acceptance and use are not equal for variousreasons; and it is important to know these limiting reasons. There is a gender gap in the acceptance and use of socalled decentralised finance (DeFi), where females have much lower acceptance and usage rates than men. Ourstudy has focused on analysing why this situation occurs. A structured questionnaire was used, including age,level of education and gender, as well as closed-ended questions and questions with respondent ratings (Likertscale). Replicating the Theory of Planned Behaviour (TPB) model, applied in this case to the study on the use andacceptance of cryptocurrencies by females. This has allowed us to generate a sample of 326 people living inSpain, 168 of whom are females. We obtained as a result that the barriers that limit the acceptance and use ofcryptocurrencies by females are several: The lack of investment experience in traditional assets, the general lackof knowledge on the part of females about cryptocurrencies; as well as concepts such as blockchain, how to carryout transactions or what an exchange is and how it works. Also, the fact that cryptocurrencies do not inspire anysecurity in females and risk aversion. In contrast, we found no evidence that females do not accept or usecryptocurrencies due to a lack of trust in traditional money, pressure from social media and influencers, fear ofnot doing the same as the next guy or speculation, which are mostly present in the motivation of males. Nor dowe find that income or lack of digital skills among females are barriers to entry.

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