Identification of awareness of the conditions for using cryptocurrencies in Poland

• Authors: Marek Zborowski , Witold Chmielarz

Abstracts

EN

The primary aim of this article is to identify internet users' knowledge and awareness of cryptocurrencies and the determinants of their use in Poland. The study, which used the CAWI (Computer-Assisted Web Interview) method, was conducted on a group of 400 active Internet users selected through random and purposive sampling. In the survey, which was carried out in April/May 2022 in Poland, respondents were asked to evaluate cryptocurrencies taking into account the following criteria: familiarity with the concept of cryptocurrency, sources of information about the phenomenon, investment preferences, security awareness, and the respondents' knowledge of the advantages and disadvantages of cryptocurrencies. As a continuation of previous research undertaken in this area, the research demonstrated a strong understanding of the respondents concerning the lack of transparency associated with cryptocurrencies and the cryptocurrency market. The main concerns when using cryptocurrencies are: lack of protection against speculators, lack of supervision by a reputable financial institution, and lack of control of the cryptocurrency market by the National Bank of Poland (NBP). The conclusions and recommendations contained in this article may contribute to increasing knowledge and awareness of the phenomenon analysed, and increasing its popularity in society. Additionally, it provides insights for investors regarding the direction of cryptocurrency development.

Keywords

EN

cryptocurrencies; awareness of cryptocurrency determinants; cryptocurrency usage factors; cryptocurrency characteristics; advantages of cryptocurrencies; disadvantages of cryptocurrencies

• Publisher: Szkoła Główna Handlowa w Warszawie
• Journal: e-mentor
• Year: 2024
• Volume: 104
• Issue: 2
• Pages: 4-13

Dates

published

2024

Contributors

author

Marek Zborowski

• University of Warsaw, Poland

• https://orcid.org/000000034762127X

author

Witold Chmielarz

• University of Warsaw, Poland

• https://orcid.org/0000000291891675

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Identifiers

DOI

10.15219/em104.1653

Biblioteka Nauki

35713729