The Level of Acceptability of Cryptocurrency in the Philippines

Abstract

The study seeks to identify the Level of Acceptability of Cryptocurrency in the Philippines and its relationship to the profile of the respondents who were randomly selected from Makati Central Business District, Ortigas Center and BGC. Specifically, it aimed to assess the level of Acceptability of Cryptocurrency in terms of Economic, Business, Security and Dynamism of Currency. It also aimed to identify any significant difference on the assessment when grouped according to profile of the respondents. The descriptive method of research was utilized in the study. A total of 1,000 respondents, from Makati Central Business District, Bonifacio Global City in Taguig City and Ortigas Center. The respondents were randomly selected on the chosen scope of location of the study. The questionnaires were distributed to the respondents and used for the data and information needed for the study. The statistical tools used were frequency distribution and percentage, weighted mean, t-test and f-ratio. The results showed that majority of the respondents are ranging from the age of 21-30 years old, females, Singles, most have finished their Undergraduate Studies, Income ranging from PhP 10,000.00 to PhP 20,000.00 and with knowledge and possesion of the currency. The respondents also saw and found out the Cryptocurrency is Acceptable and verbally interpreted the same way in terms of indicators such as Economic, Business, Security and Dynamism of Currency.