EFFECT OF DIGITAL CURRENCY ON FINANCIAL MARKETS: : Analysis of Private Banks in Kurdistan Region of Iraq

Rizhin Nuree Othman; Khowanas Saeed Qader; Sanarya Adnan Anwer; Hawkar Anwar Hamad; Hamin Khasrow Ibrahim; Bayar Gardi; Pshdar Abdalla Hamza; Dashty Ismil Jamil

doi:10.25212/lfu.qzj.8.4.48

Authors

Rizhin Nuree Othman Department of Information Technology, College of Engineering and Computer Science, Lebanese French University, Kurdistan Region, Iraq.
Khowanas Saeed Qader Department of Accounting and Finance, College of Administrations and Economics, Lebanese French University, Kurdistan Region, Iraq.
Sanarya Adnan Anwer Department of Business Administration, College of Administrations and Economics, Lebanese French University, Kurdistan Region, Iraq.
Hawkar Anwar Hamad Department of Accounting and Finance, College of Administrations and Economics, Lebanese French University, Kurdistan Region, Iraq.
Hamin Khasrow Ibrahim Department of Accounting and Finance, College of Administrations and Economics, Lebanese French University, Kurdistan Region, Iraq.
Bayar Gardi Department of Accounting, College of Administration and Financial Sciences, Knowledge University, Kirkuk Road, 44001 Erbil, Kurdistan Region, Iraq.
Pshdar Abdalla Hamza Department of Business Administration, Kurdistan Technical Institute, Sulaymaniyah, Iraq.
Dashty Ismil Jamil Department of Marketing, College of Administrations and Economics, Lebanese French University, Kurdistan Region, Iraq.

DOI:

https://doi.org/10.25212/lfu.qzj.8.4.48

Keywords:

Digital Currency, Supply Side, Demand Side, Financial Market.

Abstract

The influence that digital currency has had on the activities of platform companies are discussed in this article. Companies employ digital platforms to increase productivity, strengthen client relationships, and cut expenses. The study applied quantitative method by collected 116 questionnaires. Finally, the findings revealed that, demand side and the demand side the study focused on (Security, Usability, Irrevocability, Marketing and reputational effects) positively and significantly have influence on financial market. Moreover, it was found that the supply side had more influence than demand side on financial market.

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