Assessing citizens' behavior towards blockchain cryptocurrency adoption in the Mano River Union States: Mediation, moderation role of trust and ethical issues

Jonathan Koroma, Zhou Rongting, Sayibu Muhideen, Tosin Yinka Akintunde, Tunde Simeon Amosun, Sahr James Dauda and Ibrahim Abdulai Sawaneh

Technology in Society, 2022, vol. 68, issue C

Abstract: Digital transformation and technologies have drastically channeled innovative global market trends from conventional commerce to digital currency. Therefore, this study examined the influence of trust on citizens' behavior (CB) in decision-making towards blockchain cryptocurrency. The study employed a quantitative method to collect data from Africans in the diaspora of the Mano River Union sub-region. We combined SPSS and Smart PLS for data analysis. The proportion of males in the population was 52%, females were 48%. The analysis outcome found that citizen's behavior R2 = 43% and trust in cryptocurrency R2 = 45% variance were explained by the study model. Results also show a positive relationship between technology attachment and citizen's behavior (r2 = 25%), blockchain transparency (BT) on trust crypto (r2 = 68%), BT on CB (r2 = 38%) as well as trust in Crypto on CB (r2 = 25%). Meanwhile, the moderation effects of ethical issues negate the relationship between trust and consumer's behaviors, while the mediation of trust supports the association between cryptocurrency and citizen's behavior (68%). The development of BT should entail an inclusive approach; as such, the Mano River Union must not be left behind. “The internet is central to data transfer, but the blockchain is central to value transfer,” hence the ethical issues and trust in crypto-enabler will ensure easy adaptability across the globe and Africa in particular.

Keywords: Technology attachment; Blockchain transparency; Trust in cryptocurrency; Ethical issues; Citizens' behaviour (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0160791X22000264
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:68:y:2022:i:c:s0160791x22000264

DOI: 10.1016/j.techsoc.2022.101885

Access Statistics for this article

Technology in Society is currently edited by Charla Griffy-Brown

More articles in Technology in Society from Elsevier
Bibliographic data for series maintained by Catherine Liu ().