Digital Currency and Consumption by Khan, Jashim; Belk, Russell;

Short description:

This book will present and highlight a broad view of digital currency in the era of globalization. The book will address the meaning of money in a global world. It will be of value to researchers interested in a wide variety of disciplines, including international business, finance, and consumer behaviour.

Long description:

The digitalization of payment modes, combined with the development of Blockchain technology, is shaping the future of digital currency worldwide. Many financial regulators are experimenting with the feasibility of digital currencies nationally in a variety of forms, such as cryptocurrency, virtual currency and central bank digital currency. These digital currencies are just some of those discussed in this book. Each facilitates a transaction efficiently and will likely open an alternative payment system, possibly leading to a global digital currency.

This book will present and highlight a broad view of digital currency in the era of globalization. This book will address the meaning of money in a global world. By going beyond fungible national fiat-based currencies to global cryptocurrency and stablecoins, virtual currencies promise to disintermediate and decentralize money. The digital currencies that are the focus of this book use the internet for transactions and harbor the potential to make a unified digital currency system across the globe. This book explores the role of digital currency in influencing consumer behavior, from spending or saving to gaming, tipping and gambling. It asks what is the future of digital currency and what is its role in facilitating and transforming the future of the metaverse?

Digital Currency and Consumption will be useful reading for a postgraduate audience to understand how digital currencies are shaping the digitalization of transactions and behavior of consumer citizens. It will be of value to researchers interested in a wide variety of disciplines, including international business, finance and consumer behavior.

Table of Contents:

1. Money in the Age of Global Digitalization  2. Money in Digital Assets  3. Money in Digital Currencies  4. Psychological Ownership of Digital Currencies  5. Pushes and Pulls in Switching to Digital Currencies  6. The Meaning of Money in Cryptocurrency  7. The Meaning of Money in Digital Game Currencies  8. The Meaning of Money in Tipping Currencies  9. Generation Z, Digital Currencies and Luxury Purchase  10. Generation Z and Irrational Exuberance: Spending in the Present, Speculating and Investing for the Future  11. Digital Currency Issues in the Metaverse  12. Social Currency in the Metaverse  13. Case Study One: Marshall Island’s Sovereign Currency  14. Case Study Two: China’s e-CNY or Digital RMB  15. Case Study Three: Japan’s Digital Currency