Exploring the Challenges and Opportunities of Alternative Finance Products with Indigenous Peoples

Figure 1:

Figure 2:

Figure 3:

Participants who purchased NFTs and used financial apps by demographic characteristics_

		Purchase NFTS		P value	Use Financial Apps		P value
		Yes N (%)	No N (%)		Yes N (%)	No N (%)
Gender				p = .450			p = 1.000
	Female	17 (27.9%)	18 (29.5%)		24 (39.3%)	11 (18.0%)
	Male	10 (27.9%)	16 (26.2%)		17 (27.9%)	9 (14.8%)
Age Range				p = .443			p = .055
	18-34	14 (22.6%)	14 (22.6%)		15 (24.2%)	13 (21.0%)
	35 or above	13 (21.0%)	21 (33.9%)		27 (43.5%)	7 (11.3%)
Educational Level				p < .001			p = .051
	Non-university	4 (6.5%)	21 (33.9%)		13 (21.0%)	12 (19.4%)
	University	23 (37.1%)	14 (22.6%)		29 (46.8%)	8 (12.9%)
Employment Condition				p = .002			N/A
	Full time	26 (41.9%)	22 (35.5%)		36 (58.1%)	12 (19.4%)
	Part time/casual/no	1 (1.6%)	13 (21.0%)		6 (9.7%)	8 (12.9%)
Housing Condition				p = .009			p = .410
	Own a house	22 (35.5%)	17 (27.4%)		28 (45.2%)	11 (17.7%)
	Rent or other	5 (8.1%)	18 (29.0%)		14 (22.6%)	9 (14.5%)
Living Condition				p = 1.000			N/A
	Living on my own	6 (9.7%)	8 (12.9%)		9 (14.5%)	5 (8.1%)
	Living with others	21 (33.9%)	27 (43.5%)		33 (53.2%)	15 (24.2%)

j_fprj-2023-0003_tab_011

	Tiktok	YouTube	Twitter	Instagram	Facebook	LinkedIn	Other
NFTs
Cryptocurrencies
Finance apps

Demographic information of survey participants_

Variable	Category	Frequency	Percent
Gender
	Male	26	41.9
	Female	35	56.5
	Non-binary	1	1.6
Age Range
	18-24	11	17.7
	25-34	17	27.4
	35-44	17	27.4
	45-54	11	17.7
	55-64	6	9.8
State
	NSW	28	45.2
	QLD	17	27.4
	SA	1	1.6
	TAS_ACT_NT	6	9.7
	VIC	4	6.4
	WA	6	9.7
Employment condition
	Full-time	48	77.4
	Part time and/or casual	9	14.5
	Not working	5	8.1
Educational Level
	Some high school	1	1.6
	High school	10	16.1
	TAFE	11	17.7
	University	37	59.8
	Other	3	4.8
Housing
	Own home with a mortgage	20	32.3
	Own home without a mortgage	19	30.6
	Rent your home	20	32.3
	Prefer not to say	3	4.8
Living condition
	Living on my own	14	22.6
	Living with others	48	77.4
Language at home other than English
	Yes	5	8.1
	No	57	91.9

j_fprj-2023-0003_utab_009

	Long-term investment	Short-term investment	Continuing to acquire more cryptocurrencies	No plans to buy anymore	Planning on selling soon	None of the above are relevant to me	Other	Prefer not to say
Cryptocurrencies
NFTs

j_fprj-2023-0003_utab_008

	Less than $1000	Between $1000 – $4,999	Between $5,000 – $9,999	Between $10,000 – $49,999	Over $50,000	Prefer not to say
Cryptocurrencies
NFTs

j_fprj-2023-0003_utab_007

	Below average	Average	Above average	Prefer not to say	N/A
NFTs
Purchasing, selling and storing cryptocurrencies
Finance apps

j_fprj-2023-0003_utab_006

	Under $1000	Over $1000	Prefer not to say
Cryptocurrencies
NFTs

j_fprj-2023-0003_utab_005

	Yes	No	Prefer not to say
Cryptocurrencies
NFTs

j_fprj-2023-0003_utab_004

	Yes	No
Cryptocurrencies
NFTs

j_fprj-2023-0003_utab_003

	Software wallet (including mobile, desktop and web)	Hardware wallet	On the exchange	Other	Not sure	Prefer not to say
Cryptocurrencies
NFTs

j_fprj-2023-0003_utab_002

	Potential investment	Long-term store of value	Seeking investment in decentralised currencies	To purchase NFTs	All the hype on social media	Other	Prefer not to say
Cryptocurrencies
NFTs

j_fprj-2023-0003_utab_001

	I did	My spouse/partner did	Both of us have	Other	Prefer not to say
NFTs
Cryptocurrencies
Finance apps

j_fprj-2023-0003_utab_011

	Social media	School/TAFE/University	Family or friends	Financial Planner/Advisor	Other	Prefer not to say
NFTs
Cryptocurrencies
Finance apps

j_fprj-2023-0003_utab_010

	Friends/Colleagues	Family/Partner			Online communities	Other	Prefer not to say
Cryptocurrencies
NFTs