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Can Stablecoins Actually Improve Financial Inclusion: Exploring the IT Affordances of Token-Based Digital Currencies

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dc.contributor.authorKim, Henry
dc.date.accessioned2023-12-26T18:52:16Z
dc.date.available2023-12-26T18:52:16Z
dc.date.issued2024-01-03
dc.identifier.doihttps://doi.org/10.24251/HICSS.2024.844
dc.identifier.isbn978-0-9981331-7-1
dc.identifier.othereafd4bcb-bf08-4f48-a479-c9e90916b611
dc.identifier.urihttps://hdl.handle.net/10125/107230
dc.language.isoeng
dc.relation.ispartofProceedings of the 57th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectFrom Digital Divide to Digital Equity and Inclusion: ICT Access, Adoption, and Use among Vulnerable Populations
dc.subjectblockchain
dc.subjectcbdc
dc.subjectdigital currencies
dc.subjectfinancial inclusion
dc.subjectstablecoins
dc.titleCan Stablecoins Actually Improve Financial Inclusion: Exploring the IT Affordances of Token-Based Digital Currencies
dc.typeConference Paper
dc.type.dcmiText
dcterms.abstractTo motivate wider adoption, proponents of token-based digital currencies have advocated for their use for financial inclusion. Token-based currencies are closer to cash than are intermediated account-based ones (e.g., M-Pesa), which is important since cash is the least financially excluding form of money. However, in-depth evidential studies have concluded that the narrative appears compelling only in niche cases. In this paper, a re-examined exploration of the narrative, drawing from an IT Affordance lens, is presented. The paper explores how the recently introduced concept of an intermediary ecosystem can hinder or enable a financially excluded person’s potential use of stablecoins to fulfill goals associated with financial inclusion affordances. The possibility that stablecoin functionalities could be integrated into, for example, community-based initiatives like Latin American tandas is explored. Hence, reframing through the lens of IT affordance reinforces that blockchain-based tokenized digital currencies could strengthen benevolent intermediaries’ ability to aid financially excluded persons.
dcterms.extent9 pages
prism.startingpage7049

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From Digital Divide to Digital Equity and Inclusion: ICT Access, Adoption, and Use among Vulnerable Populations