ShariaBiz International Journal of Economics and Business
Vol. 2 No. 1 (2025)

CRYPTOCURRENCY ADOPTION IN MANDALIKA AS A PATH TO INNOVATIVE TOURISM DEVELOPMENT

Sasmita, Vika (Unknown)
Nurmustika, Hazila (Unknown)
Dewi Lita Andiana , Baiq (Unknown)
Mariana (Unknown)



Article Info

Publish Date
30 Dec 2024

Abstract

The increasing digitalization of the global tourism industry has highlighted the potential of cryptocurrency to enhance transaction efficiency, promote financial inclusivity, and strengthen destination competitiveness. Mandalika, a rapidly emerging tourism hub in Indonesia, offers a unique context to explore the adoption of this technology. This study aims to evaluate the feasibility and implications of cryptocurrency integration into Mandalika’s tourism ecosystem, addressing key factors such as technological readiness, regulatory frameworks, socio-economic impacts, and adoption trends. A Cite-based Integrative Thematic Analysis (CIT) method was employed, combining bibliometric analysis and thematic synthesis to review and analyze relevant literature. The findings reveal that while cryptocurrency adoption offers significant benefits—such as reduced transaction costs and increased trust—it is hindered by challenges including regulatory ambiguity, limited digital literacy, and infrastructural gaps. This research underscores the importance of a phased implementation strategy, beginning with pilot programs and stakeholder education. By addressing these challenges strategically, Mandalika can position itself as a leader in innovative and sustainable tourism development. The study contributes to the growing discourse on cryptocurrency in emerging markets and offers actionable insights for policymakers, businesses, and researchers interested in digital transformation in tourism.

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Journal Info

Abbrev

jurnal

Publisher

Subject

Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Description At the crossroads of tradition and innovation, ShariaBiz International Journal of Economics and Business emerges as a compass guiding pioneers in the world of Islamic economics, management and business. Published biannually, in January and July, this journal embarks you on an ...