IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 4 2025
DOI: 10.56201/jafm.vol.11.no4.2025.pg99.113

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Digital Currency and Blockchain Technology in the 21 Century Financial Ecosystem

IGWE F.C. Ph.D., INWEREGBU Onyekachi Anthony, EKE Fidelis, OBIAH Mmadubuike Emmanuel

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Abstract

The study investigated digital currency and blockchain technology in the 21st century financial ecosystem. The empirical study adopted a descriptive survey design. A questionnaire was used for data collection in a sample size of 121 selected randomly from the staff and students of Abia State Polytechnic, Aba. The data collected from the respondents were analyzed with the frequency distribution table and chi-square (x2) statistical technique. The findings revealed the imperativeness of digital currency and blockchain technology in the 21st century financial ecosystem. In other words, digital currency and blockchain technology has significant effect with financial ecosystem. The study, therefore, recommended among others that Central bank of Nigeria, legislators and financial stakeholders should collaborate to establish compliance standards and best practices for digital currency and blockchain integration in financial ecosystem. These standards should ensure that digital currency algorithms and blockchain technology conform with regulatory requirements and ethical principles, while promoting transparency and accountability.

keywords:

Digitalization, Digital Currency, Blockchain Technology, Financial Ecosystem

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