Failing to See the Obvious? How Financial Crypto Literacy Shapes the Future of FinTech Platforms in the Disruptive Blockchain Era

Financial literacy is of the utmost importance for the general population and is a significant social responsibility regarding financial inclusion. However, with the rapid development of disruptive financial services in the last decade, new challenges have emerged in the financial sector. FinTech and DeFi bring new specific risks and benefits of which private investors need to be aware. Employing a structured literature review, we examine the role and relationship between financial literacy and the crypto ecosystem. The present study demonstrates that financial education significantly influences the adoption of cryptocurrencies, with both direct and indirect effects being evidenced. In addition, we examine approaches for providing financial crypto literacy on platforms. The findings of this study underscore the pivotal role of financial education for students and young decision-makers, as well as the crucial role of financial institutions and their advisors in disseminating financial knowledge.