.

ISSN 2063-5346
For urgent queries please contact : +918130348310

FINANCIAL LITERACY AWARENESS ON CRYPTOCURRENCY AMONGST WOMEN TEACHING FRATERNITY IN CHENNAI

Main Article Content

Ruban Christopher. A Dr. A.R. Nithya
» doi: 10.48047/ecb/2023.12.si5.117

Abstract

Cryptocurrency, the digital or virtual currency is gaining prevalence in the Indian economy in recent years steadily surging on the crypto adoption rate phenomenally. The Finder’s Cryptocurrency Adoption Index report dated Nov 2022 that measured the growth of cryptocurrencies worldwide through an ongoing survey of internet users in 26 countries finds that, India has the highest number of crypto owners in the world with 27.45 crore accounts, of whom 60% are men and 40% are women. Previous research studies also show that, despite the regulatory uncertainty and confusion regarding policies affecting cryptocurrency, India’s crypto adoption rate has continued to grow rapidly, signaling strong growth in interest and acceptance of crypto especially among the female users. In this paper we explore the socio demographic preferences for the cryptocurrency awareness of the women; in particular the women teaching fraternity from the city of Chennai. The study reveals that, 77% of the women teachers are aware of the term cryptocurrency. The four socio demographic variables viz Age group, Nature of Employment, Place of College Education and Net Salary show the significant relationship with the cryptocurrency awareness level of the women teachers; while other variables like, their educational level, educational stream and place of school education do not show the level of significance statistically.

Article Details