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Virtual Currency as a Medium Of Exchange In Kenya

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dc.contributor.author Choto, Joseph Githinji
dc.date.accessioned 2018-10-25T08:59:14Z
dc.date.available 2018-10-25T08:59:14Z
dc.date.issued 2018
dc.identifier.uri http://erepo.usiu.ac.ke/11732/4068
dc.description A Research Project Report Submitted to the Chandaria School of Business in Partial Fulfilment of the Requirement for the Degree of Master of Science in Management and Organizational Development (MOD) en_US
dc.description.abstract The purpose of this study was to analyze Virtual Currency as a medium of exchange in organizations in Kenya. The study was guided by the general objective to identify factors hindering virtual currency as an alternative medium of exchange in organizations in Kenya followed by specific objectives; to study the technological risks of Virtual Currency in organizations in Kenya, to study financial risks of Virtual Currency in organizations in Kenya and to study legal frameworks hindering adoption of Virtual Currency in organizations in Kenya. The study adopted an exploratory approach with mixed method research whereby both qualitative and quantitative data collection techniques were used. The study focused on Virtual Currency users as the target population with a sample size of 46 Virtual Currency users. The study used survey questionnaires as primary sources of data collection containing Likert scales of varied responses in structured format which were coded and entered into Statistical Package for Social Sciences (SPSS) program for analysis. The findings on technological factors focused on hardware usage, threats in networks, internet usage, and online payment methods. The study revealed that majority (91.1%) of the respondents used smartphones on a daily basis. The study results on financial trends showed that majority of the respondents rated the risks of irreversibility of transaction, market volatility, fraud, system failure, and money laundering as very low. The study findings on legal framework showed that majority of the respondents were not sure of the level of involvement of Capital Markets Authority in ensuring best practices were met on virtual currency trading. The study concluded that technology, financial trends and legal frameworks had a significant impact on the adoption of Virtual Currency in organizations in Kenya. The regression analysis showed that technology having a strong significant positive correlation to use of Virtual Currency, financial trends also showed a strong significant positive correlation and use of Virtual Currency and a moderate significant positive relationship between legal frameworks and the use of Virtual Currency. en_US
dc.language.iso en en_US
dc.publisher United States International University - Africa en_US
dc.subject Virtual Currency en_US
dc.subject Medium Of Exchange en_US
dc.subject Kenya en_US
dc.title Virtual Currency as a Medium Of Exchange In Kenya en_US
dc.type Thesis en_US


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