Abstract:
The objective of this study was to explore fators related to public understanding and
acceptance of Libra currency. Data were collected from 1,230 samples by using the online
accidental sampling selection method. Hypothesis testing was conducted using binary logistic regression. The result revealed that 56.3% of the respondents did not accept Libra while 43.7% of them accepted it as a digital currency. Five independent variables including social media, age, occupation, saving, and knowledge scores, could significantly explain the dependent values with a significance level of 0.05 and could be predictors with 76.4% accuracy higher than all independent variables with 76.2% accuracy.
Government organizations should promote public knowledge and understanding of the
benefits of the currency through information channels to encourage trading, transfer, and loan transactions with low interest rates among the public. In addition, knowing and understanding the currency and its online applications, they would find online financial transactions easier and more convenient. In addition, there should be regulations that could prevent financial deception and investment frauds. Further studies were recommended to investigate profitable financial transactions in different businesses, e.g. online sales, tourism, investment, etc.