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Role of Eco-Innovation on the Adoption of Digital Currency in Nigeria

Role of Eco-Innovation on the Adoption of Digital Currency in Nigeria

Yusuf Olatunji Oyedeko, Adesola Trust Gbadebo
Copyright: © 2024 |Pages: 15
ISBN13: 9798369307700|ISBN13 Softcover: 9798369345757|EISBN13: 9798369307717
DOI: 10.4018/979-8-3693-0770-0.ch010
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MLA

Oyedeko, Yusuf Olatunji, and Adesola Trust Gbadebo. "Role of Eco-Innovation on the Adoption of Digital Currency in Nigeria." Digital Currency Assets and Challenges to Financial System Stability, edited by Adekunle Alexander Balogun and Yusuf Olatunji Oyedeko, IGI Global, 2024, pp. 178-192. https://doi.org/10.4018/979-8-3693-0770-0.ch010

APA

Oyedeko, Y. O. & Gbadebo, A. T. (2024). Role of Eco-Innovation on the Adoption of Digital Currency in Nigeria. In A. Balogun & Y. Oyedeko (Eds.), Digital Currency Assets and Challenges to Financial System Stability (pp. 178-192). IGI Global. https://doi.org/10.4018/979-8-3693-0770-0.ch010

Chicago

Oyedeko, Yusuf Olatunji, and Adesola Trust Gbadebo. "Role of Eco-Innovation on the Adoption of Digital Currency in Nigeria." In Digital Currency Assets and Challenges to Financial System Stability, edited by Adekunle Alexander Balogun and Yusuf Olatunji Oyedeko, 178-192. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/979-8-3693-0770-0.ch010

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Abstract

The study examined the role of eco-innovation on adoption of digital currency. This study adopted cross sectional survey in obtaining data. The population comprises infinite, and the total sample of 530 was obtained. The multiple hierarchical regression was used. It was revealed from the study that economical factor and social factors have negative but significant effect, while environmental factor has negative and insignificant effect on the adoption of digital currency in Nigeria. More so, eco-innovation has positive and significant effect on adoption of digital currency in Nigeria. Government and regulatory authorities should ensure economic stability through accessibility of infrastructure, reduction in income disparity etcetera; enhance social factor through targeted education, cultural sensitivity, and security threat, among others, and encourage environmental stewardship. Thus, government and regulatory authorities should improve technological infrastructure, increase awareness of digital currency, and provide security assurance among others.

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