Briefing

The Cryptic Nature of Black Consumer Cryptocurrency Ownership

Abstract: Owning cryptocurrency has become especially popular among Black consumers for reasons related to historical context as well as the forward-looking views of young consumers. While cryptocurrencies have the potential to meet Black consumers’ expectations, they also pose risks to privacy and financial security.

Keywords: Cryptocurrencies; Black consumers;

JEL Classification: E42; G21; G00;

Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Payments System Research Briefing

Publication Date: 2022-06-01

Issue: June 1, 2022

Pages: 6