Digital literacy and financial inclusion in virtual economies: Analyzing the role of education in shaping attitudes toward cryptocurrencies

Abstract

The development of cryptocurrencies has altered traditional economic institutions and financial inclusion. This study investigates the complicated relationships between education, digital literacy, cryptocurrency views, and financial inclusion in virtual economies, addressing a key gap in comprehending the disruptive dynamics of emerging financial technologies. Undergraduate, postgraduate, and PhD students from private universities in Delhi NCR were polled using a standardized questionnaire with a 5-point Likert scale. According to the study, higher education boosts digital literacy, cryptocurrency opinions and financial inclusion. Although education is critical for financial inclusion, the link between positive attitudes about cryptocurrencies and financial inclusion remains uncertain. As virtual currencies expand, these results urge policymakers and educators to concentrate on digital literacy and positive attitudes in order to promote inclusive financial ecosystems.