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Purpose: The study aimed to determine why Turkish participants are voluntary or hesitant to use cryptocurrencies and to assess which factors affected cryptocurrencies usage.
Method: Technology acceptance model (TAM) was used in the study to analyze Turkish individuals’ cryptocurrency usage behavior. Structural equation (regression) modeling (SEM) w...
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Digital leadership scale In recent years, the speed of digitalisation in nearly all fields has led organizations to actively use digital tools, practice working methods that are compatible with daily requirements, and adjust themselves to the process compositionally. The concept of digital leadership can be defined as the result of this necessity....
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... When it comes to the specific perception, it has been found that as financial literacy increases, the tendency to have a positive attitude towards cryptocurrency increases while as financial illiteracy increases they are likely to have a negative attitude towards cryptocurrency an is perceived to be risky. Also, the analysis revealed that the youngest participants have more positive attitudes toward cryptocurrencies than older participants (Fettahoğlu & Sayan, 2021;Panos & Karkkainen, 2019). ...
... Cryptocurrency is perceived as a viable investment opportunity among those students with greater financial literacy (Panos & Karkkainen, 2019). Moreover, the study done by Fettahoğlu and Sayan (2021) depicts that the favorableness toward use of cryptocurrencies is highly related to people's income and education. Last but not least, people's dissatisfaction of the conventional financial service provider including those bank agencies compel them to search for other solutions like crypto currency. ...
... Last but not least, people's dissatisfaction of the conventional financial service provider including those bank agencies compel them to search for other solutions like crypto currency. Therefore, consumers with negative attitude toward using banks are more likely to have positive perception towards cryptocurrencies as viable investment and/ or method of payment (Fettahoğlu & Sayan, 2021). ...
This paper explores the emergence of digital currencies in Pakistan and their potential role in reshaping the nation's position in global economic relations. It assesses the latest trends concerning the regulation of the technology and its exploration, drivers of adoption, and key impediments to its deployment. Including both qualitative information gathered during review of policy documents and policy, as well as quantitative analysis of assumed economic variables. Though Digital currencies are restricted by low internet connectivity and mobile phone smart device adoption in Pakistan the progress of payment systems Such as JazzCash & Easypaisa indicates future progress. But challenges such as blockchain readiness and cybersecurity are still need to be discussed. For blockchain to be fully adopted, there is need to pursue more investment in educating talent, and the regulatory framework. Security is key to the public trust and so it is important to secure wallets, payments and transactions data in particular. Opportunities and threats exist in Pakistan’s regulatory environment, nonetheless the prospects for developing the CBDCs still exist. Solving these challenges entail to define legal status, to simplify the process of licensing and to protect the consumer’s rights effectively. E-commerce conducted through the use of incorporative payment services in combination with CBDCs provides an opportune means of boosting Pakistan’s financial and economic outlook by catalyzing remittances transfer, cutting on cost, and expediting cross-border transfers as well as increasing access to financial services. Educational campaigns, influence from friends or relatives, and new trust-building JVs can successfully improve the situation with the adoption of digital currencies in Pakistan. There are also likely to increase the adoption of CBDCs, blockchain payment platforms, and mobile wallets if the efforts are implemented effectively.
... The shaping of these perceptions is deeply influenced by individual pref-erences, belief systems, expectations, and cultural contexts, thereby exerting a profound influence on the decisionmaking processes of both consumers and stakeholders [56]. In the realm of cryptocurrencies, these perceived benefits have emerged as a driving force behind the remarkable surge in the popularity and intrigue surrounding digital currencies like Bitcoin and Ethereum [57]. These perceived advantages are underpinned by a multitude of features inherent to cryptocurrencies that have captivated the attention of individual investors and institutional participants alike. ...
The high volatility and inherent high-risk nature of cryptocurrency investments promote the study of the determinants of value perception and the various factors influencing individuals’ intentions regarding whether to adopt, abstain from, or continue their investments in these dynamic cryptocurrency markets. The main aim of this study is to examine the determinants of behavioral intention to continue using cryptocurrencies. In addition, it is aimed at exploring the effect of gambling attitudes on the perceived benefits and legal environment in the cryptocurrency context. An online questionnaire was developed in order to gather data from 258 respondents in the United Arab Emirates (UAE). The research model was assessed, and the hypotheses were tested using PLS-SEM. The outcomes of the PLS analysis revealed that gambling attitudes, perceived benefits, legal environment, and market uncertainty are significant determinants of behavioral intention to continue using cryptocurrencies. This study also revealed a significant effect of gambling attitudes and legal environment on the perceived benefits of cryptocurrencies. This study adds to the body of knowledge on cryptocurrency adoption by providing new insights into the factors that influence consumers’ continued investment. Furthermore, the study has crucial practical implications for cryptocurrency firms in promoting this financial technology to users by increasing policymakers’ understanding of how investors think and get inspired to continue investing in cryptocurrencies.
... PU and PEOU both consisting of four items were considering Davis (1989), Shahzad et al. (2018) and Nadeem et al. (2022). The scales of PT (Four items) were based on Shahzad et al. (2018) and Fettahoglu and Sayan (2021). Finally, behavior usage including four items was measured according to Chen et al. (2016) and Shahzad et al. (2018). ...
Cryptocurrencies represents a new form of digital asset that functions through blockchain technology, aiming to serve as an instrument of exchange. Nevertheless, the uncertainties surrounding cryptocurrencies raise concerns about their intended functions. This study aimed at assessing factors that affect cryptocurrencies usage in Uganda. The study research framework was based on the Technology Acceptance Model (TAM) to examine the suggested assumptions. The methodology was grounded on the cross-sectional research design that Employed a survey questionnaire to collect primary data from 286 Ugandan respondents. The findings Indicate that the perceived usefulness and the perceived trust had a positive effect on Usage Behavior. However, perceived ease of use indicated an insignificant effect on Usage Behavior, the findings provide value to policymakers and cryptocurrencies intermediaries to formulate policies and business strategies.
... However, trust can be ensured with the technological infrastructures behind cryptocurrencies, and both privacy and copying of cryptocurrencies can be prevented with the transparent verification systems provided by the system (Gil-Cordero et al., 2020). Fettahoğlu & Sayan (2021), found that perceived benefit has a positive effect on cryptocurrency usage behavior, while perceived risk and perceived ease of use have no effect. When the results of the research are evaluated in general, it is seen that the results obtained support similar studies in the literature and are in parallel with the results of related studies. ...
Purpose- Cryptocurrency adoption has tremendously improved in Sub-Saharan Africa's emerging economies. Despite this trend, less emphasis has been placed on determinants of cryptocurrency adoption in such economies. This study extended the Theory of Reasoned Action (TRA), Theory of Planned Behavior (TPB), and Technology Acceptance Model (TAM), to examine aspects that determine cryptocurrency adoption in Kenya. The study findings may assist policymakers in developing a sturdy regulatory framework for adopting digital assets and monitoring Virtual Asset Service Providers (VASPs). Methodology- Data was collected through questionnaires from 400 students, graduates, and investors who had information about cryptocurrency. The study employed a structural equation model to estimate our latent constructs. Findings- Results confirmed the hypotheses that perceived utility, perceived ease of usage, perceived risk, attitude, and subjective norms are significant constructs in determining behavioral intent to use cryptocurrency in Kenya. Further, the mediatory role of attitude on cryptocurrency adoption was also confirmed. Conclusion- Policies that promote the introduction of an e-cash platform, regulation of digital system currencies, social mass awareness, and cryptocurrency companies with good reputations should be introduced by the government to ensure the development of the cryptocurrency market in Kenya. Keywords: Cryptocurrency, perceived risk, perceived utility, perceived usability, subjective norm JEL Codes: G15, O30, E32
Paranın elektronik biçimlerinin gelişmesiyle irlikte fiziksel paranın sistem içerisindeki zayıflayan rolü, yazılım tabanlı dijital paraların ortaya çıkmasıyla birlikte daha da gerilemeye başlamıştır. Ulusal ve uluslararası para sisteminde dijital paraların giderek yaygınlaşması, bu alanda önemli bir paradigma değişimine yol açmıştır. Ancak, günümüzün hızla gelişen teknolojik ortamında dijital paralara ilişkin farkındalığın yetersiz olması, önemli bir sorun olarak karşımızda durmaktadır. Bu araştırmada üniversite öğrencilerinin “CBDC’ler” ve “kripto paralar” konusundaki bilgi ve algılarının düzeyi ve beklentileri inceleme konusu yapılmıştır. Bu bağlamda Sivas Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Fakültesinde öğrenim gören 362 öğrenciden anket yöntemiyle veri toplanmıştır. Çalışmadan elde edilen bulgulara göre, dijital paralar sırasıyla, sağladıkları kolaylıklar, düşük işlem maliyetleri, anonimlik ve güvenilirlik boyutlarıyla ele alınmaktadırlar. Söz konusu paraların benimsenmesi ve kullanılmasında, teknolojik sorunların ve güven eksikliğinin engelleyici faktörler olarak işlev gördüğü anlaşılmaktadır. Özellikle kripto paralar bağlamında yeterince bilinmeyen teknolojinin, değerlerindeki aşırı değişkenliklerin ve siber hırsızlık konularının bu paralara mesafeli bir yaklaşıma sebebiyet verdiği görülmektedir.
In 2022, the global economic space is seeing dramatic changes in current economic activity and financial instruments, which are used by both small companies and leading corporate giants. Technological progress in the field of digitalization and the emergence of private digital currencies have accelerated the digital transformation of traditional forms of monetary settlement. There is a need for the prompt implementation of an effective financial project that would help achieve the goals of digitalization of financial services and economic activity, expanding access to financial services, and developing innovative technologies.
Purpose
Cryptocurrencies are becoming increasingly attractive as alternatives to traditional currencies. Although many retailers accept cryptocurrencies as a means of payment in online shopping, consumers’ cryptocurrency adoption intention in online shopping (CCAI) is still low. This study aims to investigate the influence of attitudes, subjective norms, consumer trust, financial literacy and fear of missing out (FOMO) on CCAI.
Design/methodology/approach
A quantitative research approach was followed using a consumer survey. Hypothesized relationships were tested through regression and mediation analyses.
Findings
The results revealed that consumers could accept cryptocurrencies as a means of payment in online shopping. Attitudes, subjective norms, consumer trust and financial literacy directly and positively influence CCAI, while they indirectly affect CCAI through the mediating impact of FOMO.
Practical implications
Marketing managers should improve consumers’ knowledge about cryptocurrencies and trust in online shopping to increase CCAI. Social media marketing can be appropriate, while the advertising content can address keeping up with others and staying connected.
Originality/value
This study addresses a critical gap in the literature by empirically examining the antecedents of CCAI within an original conceptual model based on the theoretical framework provided by the theory of planned behavior. Attitudes, subjective norms, trust and financial literacy influence CCAI, where FOMO plays a significant role as a mediator.
Bu çalışma, orta ve alt gelir gruplarından bireylerin kripto para yatırımına yönlendiren motivasyonları ve bu motivasyonların ortaya çıkan sosyal ve ekonomik zorluklarla ilişkisini incelemeyi amaçlamaktadır. Buradan yola çıkarak, bu çalışmanın ana araştırma cümlesi kripto para yatırımının içinde bulunulan maddi zorlukları aşmada orta-alt sosyoekonomik gelire sahip aile fertleri açısından giderek daha fazla başvurulan bir yöntem olduğu ve bu yöntemin doğurduğu sonucun maddi kayıpları daha da derinleştirdiği ve aile içi sorunları arttırdığı yönündedir. Araştırma, fenomenolojik bir desen ve nitel araştırma yaklaşımını kullanarak gerçekleştirilmiştir. Katılımcılarla yapılan yarı yapılandırılmış görüşmeler sonucunda elde edilen veriler analiz edilmiştir. Bulgular, orta-alt gelire sahip bireylerin kripto para yatırımına farklı motivasyonlarla girdiğini ve bu yatırımların maddi sıkıntıları aşma amacı taşıdığını göstermektedir. Ancak, finansal okuryazarlık eksikliği, düzensiz piyasa koşulları ve spekülasyon nedeniyle beklenen kazançların elde edilememesi, bu yatırımcıların kayıplarını artırmıştır. Ayrıca, bu kayıpları telafi etmek için borçlanma ve kredi alma eğilimi göstermişlerdir. Araştırma, finansal okuryazarlık düzeyinin artırılmasının önemini vurgularken, düzenleyici önlemler ve ekonomik yardım seçeneklerinin geliştirilmesi gerektiğini öne sürmektedir.
Purpose
Using the technology acceptance model (TAM), this study investigates factors influencing the adoption of cryptocurrency in Bangladesh.
Design/methodology/approach
Data were collected from 346 members of the general public through a structured web survey using snowball sampling. Structural equation modeling was used to analyze the data and assess the reliability and validity of the measurement model.
Findings
The results show that knowledge of cryptocurrency, benefits of use (perceived usefulness), attitude and challenges all have a significant impact on the adoption of cryptocurrency.
Research limitations/implications
This study was conducted in a single country, relied on self-reported data and used a cross-sectional design, which limits the ability to draw causal inferences. Future research could explore the factors that influence the adoption of cryptocurrency in different countries and regions and incorporate additional variables to provide a more comprehensive understanding of the drivers of intention to use cryptocurrency.
Originality/value
This study contributes to understanding the factors driving the adoption of and intention to use technology-based services, providing insights that can inform the design and implementation of future technology-based services.
