Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia
Document Type
Article
Publication Date
1-1-2022
Abstract
Cryptocurrency has proven to be an enabling force for financial service transformation. It allows users to perform transactions via blockchain technology that bypasses the involvement of conventional financial intermediaries. In local context, the acceptance of cryptocurrency is rather low as compared with other developed countries. The requirement of large consumer market base is the main challenges for cryptocurrency’s adoption. Thus, the aim of this study is to determine the relationship between output quality, perceived accessibility, result demonstrability and perceived security and adoption behavior of cryptocurrency as an additional mode of internet/online transaction methods. The data was collected from a sample of 553 respondents from different age groups ranging from under 21 to over 60 years old. The PLS-SEM results demonstrated that there are significant positive relationships between output quality, result demonstrability and perceived security and the users’ adoption behavior to use cryptocurrency. The paper provides an insight for explaining the adoption behavior of cryptocurrency. The findings are insightful to develop effective financial management mechanisms and interventions, which is important to enhance the confidence and understanding level toward the adoption of cryptocurrencies among existing and potential users. © 2022 Penerbit Universiti Kebangsaan Malaysia. All rights reserved.
Keywords
Adoption behavior, Cryptocurrency, Output quality, Perceived accessibility, Perceived security, Result demonstrability
Divisions
accounting
Funders
Ministry of Higher Education, Malaysia,FRGS/1/2018/SS01/HELP/02/2
Publication Title
Jurnal Pengurusan
Volume
65
Publisher
Penerbit Universiti Kebangsaan Malaysia
Additional Information
Cited by: 0; All Open Access, Bronze Open Access, Green Open Access