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Cryptocurrencies as Catalysts for Financial Inclusion in Latin America

Author

Listed:
  • Rodrigo Andrés Crisóstomo Zúñiga

    (Universidad de Chile, Chile)

  • Juan Pablo Núñez Morales

    (Universidad de Santiago de Chile, Chile)

  • Nicolas A. Nunez

    (Universidad de Chile, Chile)

Abstract

Financial inclusion is a significant challenge in Latin America, so it is relevant to propose new approaches and business models that help close the gap in access to financial services for underserved segments. In this line, we evaluate the intended use of a platform to buy cryptocurrencies as an investment asset for people who invest in alternative instruments such as these, where the innovative element constitutes that cryptos can be given on loan to vulnerable people with convenient rates for both parties. Thus, based on the Unified Technology Acceptance and Use Theory (UTAUT) model of technology adoption, the results show that social influence and trust are the variables that explain, to a greater extent, the intention to use them. The findings of this study generate new evidence for the development of innovative business models, as well as a relevant contribution to public policy concerning the development of the fintech ecosystem in Latin America.

Suggested Citation

  • Rodrigo Andrés Crisóstomo Zúñiga & Juan Pablo Núñez Morales & Nicolas A. Nunez, 2024. "Cryptocurrencies as Catalysts for Financial Inclusion in Latin America," The Anahuac Journal, Business and Economics School. Anahuac University (Mexico)., vol. 24(2), pages 1-32, December.
    • Handle: RePEc:amj:journl:v:24:y:2024:i:2:p:1-32
    DOI: https://doi.org/10.36105/theanahuacjour.2024v24n2.2389
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    References listed on IDEAS

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    3. Wenjuan Li, 2021. "The Role of Trust and Risk in Citizens’ E-Government Services Adoption: A Perspective of the Extended UTAUT Model," Sustainability, MDPI, vol. 13(14), pages 1-17, July.
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    5. Christian Haddad & Lars Hornuf, 2019. "The emergence of the global fintech market: economic and technological determinants," Small Business Economics, Springer, vol. 53(1), pages 81-105, June.
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    Keywords

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    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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