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Factors influencing the intention to use cryptocurrency payments: An examination of blockchain economy

Author

Listed:
  • Guych, Nuryyev
  • Anastasia, Spyridou
  • Simon, Yeh
  • Jennet, Achyldurdyyeva

Abstract

In summary, this study has applied TAM model to examine cryptocurrency payment adoption in Taiwanese hotels, examining the factors that are more likely to affect the behavioral intent. The empirical results suggest that intent to adopt cryptocurrency payments is affected by perceived usefulness, and perceived ease of use of these payments. In turn, perceived usefulness is affected by trust towards these payments. Interestingly, perceived usefulness was not shown to be significantly affected by different types of risks associated with cryptocurrency payments, including financial risk, technological risk, and social risk. Perceived ease of use, in turn, is affected by convenience of cryptocurrency payments; and is not shown to be significantly affected by trust.

Suggested Citation

  • Guych, Nuryyev & Anastasia, Spyridou & Simon, Yeh & Jennet, Achyldurdyyeva, 2018. "Factors influencing the intention to use cryptocurrency payments: An examination of blockchain economy," MPRA Paper 99159, University Library of Munich, Germany, revised 24 Feb 2020.
    • Handle: RePEc:pra:mprapa:99159
    as

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    References listed on IDEAS

    as
    1. Chatzigeorgiou, Chryssoula & Christou, Evangelos & Simeli, Ioanna, 2019. "Confidence and loyalty for agrotourism brands: The Lesvos paradigm," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 14(1), pages 151-166.
    2. Chatzigeorgiou, Chryssoula & Christou, Evangelos & Simeli, Ioanna, 2019. "Confidence and loyalty for agrotourism brands: The Lesvos paradigm," MPRA Paper 93898, University Library of Munich, Germany.
    3. Scott Gilbert & Hio Loi, 2018. "Digital Currency Risk," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(2), pages 108-123, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    cryptocurrency payment; cryptocurrency acceptance; technology acceptance; blockchain economy;
    All these keywords.

    JEL classification:

    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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