Intention to adopt cryptocurrency: a robust contribution of trust and the theory of planned behavior

Soomro, Bahadur Ali; Shah, Naimatullah; Abdelwahed, Nadia A. Abdelmegeed

doi:10.1108/jeas-10-2021-0204

Cited by 28 publications

(27 citation statements)

References 76 publications

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“…Previous research indicated that perceived trust influences consumers' intention to use cryptocurrencies [32], [33], [36], [39], [62]. However, Mendoza-Tello et al [5] found that trust is not among strong predictors of cryptocurrency use, possibly due to a lack of adequate understanding at early stages of disruptive technologies.…”

Section: Hypotheses Development a Consumer Trust In Crypto-payment An...mentioning

confidence: 99%

“…The technology acceptance model (TAM) has been the mostly cited theory in studying antecedents of cryptocurrency adoption (e.g., [33], [34]). Other well-known adoption theories, such as the theory of planned behavior (TPB), have also been applied in this domain (e.g., [35], [36]). These studies highlighted relevant factors to cryptocurrency adoption such as individuals' perceptions about usefulness and ease of using the technology as well as their subjective norms.…”

Section: B Consumer Adoption Of Cryptocurrenciesmentioning

confidence: 99%

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How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

2022

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The ever-increasing acceptance of cryptocurrencies has fueled applications beyond investment purposes. Crypto-payment is one such application that can bring radical changes to financial transactions in many industries, particularly e-commerce and online retail. However, characteristics of the technology such as transaction disintermediation, lack of central authority, and lack of adequate regulations may introduce new privacy and security concerns among the users. This coincides with another trend of rising individuals' concerns pertaining to information privacy and security issues in online transactions. The current paper investigates how consumer trust in crypto-payment, a key determinant of consumer intentions and relational exchanges over the long-term, is formed based on their perceptions towards privacy and security aspects of the technology. Using data from 327 survey participants, the study found that perceived information privacy risk, perceived anonymity, and perceived traceability of transactions are significant determinants of consumer trust in crypto-payment; but their perceptions of information security fraud risk have no significant effect. It also provided support for the hypothesis that perceived trust contributes to consumers' intention to adopt crypto-payment. The findings highlight the need to enhance consumer understanding and awareness of information privacy and potential security issues in crypto-payment as well as what needs to be done to address consumer concerns in this regard. The paper creates novel insights into the requirements of trust in crypto-payment services and the consequences of consumers' perceptions of privacy and security in this domain.

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Section: Hypotheses Development a Consumer Trust In Crypto-payment An...mentioning

confidence: 99%

Section: B Consumer Adoption Of Cryptocurrenciesmentioning

confidence: 99%

How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

2022

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“…Huong et al Although (2021) concluded that PBC has a negative effect on crypto-asset investment intention, in this study, as in many other studies (Schaupp at al., 2022 ; Soomro et al, 2022 ; Mazambani & Mutambara, 2019 ) It has been determined that it has a positive effect on the attitude and it is the second factor that determines the intention after the attitude. This result means that investors have sufficient knowledge, skills, resources and confidence to invest in crypto assets.…”

Section: Resultsmentioning

confidence: 99%

“…Studies on the use of crypto-assets have shown that positive attitudes affect the investment intention towards crypto-assets (Schaupp et al, 2022 ; Soomro et al, 2022 ; Mazambani & Mutambara, 2019 ). From this point of view, the hypothesis established to investigate the effect of attitude on the intention to adopt crypto-asset investments in Turkey is as follows.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Investor intention, investor behavior and crypto assets in the framework of decomposed theory of planned behavior

Pilatin

Dilek

2023

Curr Psychol

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The interest in crypto assets, known as an extremely volatile, risky and digital currency that first emerged in 2009, continued to increase day by day. Crypto assets, especially Bitcoin, have become very valuable and are now seen as an investment tool. Online survey data of 1,222 individuals were used in the study. The data were analyzed through the structural equation model. With the Decomposed Theory of Planned Behavior used in the research, the dimensions affecting Attitude, Subjective Norms, Perceived Behavioral Control variables and the effect of Intention on the behavior of investors, namely crypto asset investment, were investigated. According to the Standardized Regression Weights, a one-unit change in attitude affects intention 0.822, a one-unit change in subjective norms 0.048, and a one-unit change in perceived behavioral control affects intention 0.117. In addition, it has been concluded that the most important determinant of the actual behavior that reveals the investment is the intention with 0.754, while the PBC effect is 0.144. The study is a comprehensive study on crypto asset investments in Turkey, a developing country. It is aimed that the results obtained will contribute to researchers, crypto asset companies, policy makers and researchers who want to increase their market share in the sector.

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“…In fact, TPB used to clarify an individual's intention to perform a given behavior. Additionally, TPB has also been used broadly in explaining EI in a number of studies (AlGhani et al, 2022;Soomro et al, 2022, Krueger et al, 2000Autio et al, 2001). TPB has been shown to predict EI most accurately.…”

Section: Entrepreneurial Intentionmentioning

confidence: 99%

Inclination towards Business Start-Up among New Students; A Test of The Theory of Planned Behavior: A Conceptual Paper

Sa’adin¹,

Amer²,

Ahmad³

2022

IJARBSS

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The development of entrepreneurship has been growing in Malaysia. Thousands of student graduates from universities every year, but only a few of them intend to start their own businesses. The objective of study in general is to examine the intentions to become entrepreneurs in the areas of personal attitude, perceived behavioural control and subjective norms. Ajzen Theory of Planned Behaviour will be used to attain this purpose. In gathering data, the questionnaire will be based on previous study conducted by Linan and Chen (2009). A total population of 2000 new intake students who enrol in diploma and bachelor degree for October 2022 -February 2023 session will be participate in this study by using random sampling technique. This study focuses on fresh graduates who have the options either to work or to be an entrepreneur after graduating. This research hopefully will help Malaysian Academy of SME & Entrepreneurship Development (MASMED) and UiTM to investigate the potential of the new students to become an entrepreneur.

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Intention to adopt cryptocurrency: a robust contribution of trust and the theory of planned behavior

Cited by 28 publications

References 76 publications

How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

Investor intention, investor behavior and crypto assets in the framework of decomposed theory of planned behavior

Inclination towards Business Start-Up among New Students; A Test of The Theory of Planned Behavior: A Conceptual Paper

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