Perceptions towards Cryptocurrency Adoption: A case of Saudi Arabian Citizens

Alaklabi, Saad; Kang, Kyeong

doi:10.5171/2021.110411

Cited by 25 publications

(16 citation statements)

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“…In the studies conducted in the literature, there are results that the perceived usefulness level positively affects the customers' intention to use (Luarn & Lin, 2005;Ramayah & Ignatius, 2005;Paçan Özcan et al, 2019;Lee, 2009;Çetinsöz, 2015). The effect of perceived usefulness on the intention to use the cryptocurrency (Nadeem et al, 2021) and acceptance (Alaklabı & Kang, 2021) is significant. Retailers' net transactional benefits, as well as consumer demand in e-commerce, have a significant effect on both the intention to accept crypto payments and the actual adoption of crypto payments (Jonker, 2019).…”

Section: Perceived Usefulnessmentioning

confidence: 98%

Tüketi̇ci̇leri̇n Alişveri̇ş İçi̇n Di̇ji̇tal Para Bi̇ri̇mi̇ni̇ Kullanma Ni̇yetleri̇ni̇n İncelenmesi̇

ÇELİK

Dülek

2022

Dicle Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi

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This study aims to examine the intentions of consumers to use digital currency for shopping. For this aim, data were collected from 230 people using the online survey method. Statistical analyzes were performed for the analysis of the hypotheses. According to the one-sample t-test result; digital currency has a significant positive effect on consumers' intention to use digital currency for shopping. According to the independent samples t-test results; there is a significant difference in the intention to use digital currency between genders. Male are more intent on making purchases using digital currency. However, according to the results of ANOVA; there is no significant difference in the intention to use digital currency between generations. According to the results of simple linear regression analysis, perceived innovativeness, enjoyment, ease of use, usefulness, speed of access, and trust have a significant positive effect on the intention to use digital currency. Perceived risk has a significant negative effect on the intention to use digital currency. However, the effect of perceived financial cost on the intention to use a digital currency is not significant. Recommendations are provided at the end of the study.

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Section: Perceived Usefulnessmentioning

confidence: 98%

Tüketi̇ci̇leri̇n Alişveri̇ş İçi̇n Di̇ji̇tal Para Bi̇ri̇mi̇ni̇ Kullanma Ni̇yetleri̇ni̇n İncelenmesi̇

ÇELİK

Dülek

2022

Dicle Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi

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“…Cryptocurrencies are to eliminate paper currency from the marketplace and to create an arrangement that frees from the state government's supervision and control (Alaklabi and Kang, 2021). Cryptocurrency depends on blockchain technology, which can address the difficulty of achieving end-to-end transparency.…”

Section: Cryptocurrencymentioning

confidence: 99%

What do we know about cryptocurrency investment? An empirical study of its adoption among Indian retail investors

Kumar,

Rani

2024

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Purpose This study aims to examine the cryptocurrency adoption (CA) level among Indian retail investors who use cryptocurrency as an investment and mode of transaction. Design/methodology/approach Through self-administered survey questionnaires, data is collected from 397 retail investors of Haryana (India). This study adopted a quantitative method using partial least squares structural equation modeling (PLS-SEM). Findings This paper offered a robust model with a high explanatory value for CA in which four of the five proposed factors of diffusion of innovation theory (trialability, compatibility, complexity and observability) and one of the two proposed factors of consumer behavioral theory (perceived value) significantly influences CA. More specifically, the absence of regulatory support is a barrier to the broad adoption of cryptocurrencies, as its regulations are necessary to mitigate or minimize uncertain outcomes. Research limitations/implications This research primarily focuses on CA in India. Thus, it can be extended to cover diverse other countries for more precise results. Practical implications The results provide insights to the government to design the policies, better regulate and make investment strategies that can ultimately enhance CA. In addition, the study’s results also inform financial educators, policymakers, employers and academicians about the significance of several variables affecting CA in India. Social implications From a social standpoint, this study is an advance that directs central banks and governments to develop, regulate and manage digital currencies and implement a digital currency ecosystem. Moreover, the results assist in understanding investors’ perceptions and decision-making perspectives toward cryptocurrencies through the country’s digitalization. Originality/value This paper fills the study gap to assist policymakers and cryptocurrency experts in broadening their knowledge base and recognizing prioritized intentions. Additionally, this study provides a theoretical model with the latent variable for a present and pertinent matter.

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“…Additionally, when it comes to bitcoin acceptance in Saudi Arabian, it was shown that subject norms, security risk, perception of utility, and enjoyment do influence the acceptance and utilization of bitcoin among Saudi Arabian citizens [47]. Another study demonstrated that intrinsic motivation in terms of hedonic motivation is important in the adoption of blockchain technology (bitcoin), while extrinsic motivations such as performance expectancy are a significant predictor of bitcoin use [48].…”

Section: Empirical Studies On Bitcoinmentioning

confidence: 99%

The Drivers of the Behavioral Adoption Intention of BITCOIN Payment from the Perspective of Chinese Citizens

Mensah

Mwakapesa

2022

Security and Communication Networks

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The bitcoin payment innovation has gained wider interest around the world, but its adoption among the general population has been a challenge. Bitcoin as a peer-to-peer technology works with no central authority or banks, and the transaction management and issuing of bitcoin is carried out collectively by the network. One major debate on bitcoin development and diffusion is the critical matter of nongovernment intervention through adequate policy and regulatory framework and thus hinders people’s active participation (acceptance) in the bitcoin market. Consequently, this study is purposed to examine the role government policy and regulations (moderating impact) can have in driving the acceptance of bitcoin payment from the Chinese perspective. The UTAUT was used as the theoretical basis from which a model was developed for testing. The structural equation model (SEM) through the use of SmartPLS was employed to undertake the analysis. The results have demonstrated that government regulation moderates (significant) the influence of both performance expectancy and infrastructure support on the behavioral acceptance of bitcoin payment. However, government regulation contrary to expectations was not significant in moderating the influence of effort expectancy (EE) and security on the acceptance of bitcoin payments. Additionally, the study discovered that performance expectancy, security, EE, and infrastructure support were significant in encouraging bitcoin behavioral adoption. The practical and theoretical implications of these findings on the development and diffusion of bitcoin technology systems are dissected meticulously.

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Perceptions towards Cryptocurrency Adoption: A case of Saudi Arabian Citizens

Cited by 25 publications

References 0 publications

Tüketi̇ci̇leri̇n Alişveri̇ş İçi̇n Di̇ji̇tal Para Bi̇ri̇mi̇ni̇ Kullanma Ni̇yetleri̇ni̇n İncelenmesi̇

Tüketi̇ci̇leri̇n Alişveri̇ş İçi̇n Di̇ji̇tal Para Bi̇ri̇mi̇ni̇ Kullanma Ni̇yetleri̇ni̇n İncelenmesi̇

What do we know about cryptocurrency investment? An empirical study of its adoption among Indian retail investors

The Drivers of the Behavioral Adoption Intention of BITCOIN Payment from the Perspective of Chinese Citizens

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