Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia
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 compar...
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Penerbit Universiti Kebangsaan Malaysia
2022
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my.um.eprints.440192023-11-29T07:19:47Z http://eprints.um.edu.my/44019/ Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia Wong, Siew Chin Teoh, Melissa Teng Tenk Yap, Angeline Kiew Heong Saleh, Zakiah HG Finance 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. Penerbit Universiti Kebangsaan Malaysia 2022 Article PeerReviewed Wong, Siew Chin and Teoh, Melissa Teng Tenk and Yap, Angeline Kiew Heong and Saleh, Zakiah (2022) Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia. Jurnal Pengurusan, 65. 3 – 14. ISSN 0127-2713, DOI https://doi.org/10.17576/pengurusan-2022-65-01 <https://doi.org/10.17576/pengurusan-2022-65-01>. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85147567051&doi=10.17576%2fpengurusan-2022-65-01&partnerID=40&md5=f886977eb068ed3cd1479a56a22532d1 10.17576/pengurusan-2022-65-01 |
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HG Finance Wong, Siew Chin Teoh, Melissa Teng Tenk Yap, Angeline Kiew Heong Saleh, Zakiah Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia |
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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. |
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Article |
author |
Wong, Siew Chin Teoh, Melissa Teng Tenk Yap, Angeline Kiew Heong Saleh, Zakiah |
author_facet |
Wong, Siew Chin Teoh, Melissa Teng Tenk Yap, Angeline Kiew Heong Saleh, Zakiah |
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Wong, Siew Chin |
title |
Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia |
title_short |
Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia |
title_full |
Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia |
title_fullStr |
Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia |
title_full_unstemmed |
Determinants of cryptocurrency adoption behavior in Malaysia; Penentu kepada tingkahlaku penerimagunaan kriptowang di Malaysia |
title_sort |
determinants of cryptocurrency adoption behavior in malaysia; penentu kepada tingkahlaku penerimagunaan kriptowang di malaysia |
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Penerbit Universiti Kebangsaan Malaysia |
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2022 |
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http://eprints.um.edu.my/44019/ https://www.scopus.com/inward/record.uri?eid=2-s2.0-85147567051&doi=10.17576%2fpengurusan-2022-65-01&partnerID=40&md5=f886977eb068ed3cd1479a56a22532d1 |
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