Intention to adopt cryptocurrency: a robust contribution of trust and the theory of planned behavior

Bahadur Ali Soomro, Naimatullah Shah and Nadia A. Abdelmegeed Abdelwahed

Journal of Economic and Administrative Sciences, 2022, vol. 40, issue 2, 419-433

Abstract: Purpose - At present, the adoption of cryptocurrency investment has brought consideration to the globe. The present paper attempts to investigate the intention to adopt cryptocurrency (IACR) among the potential investors of Pakistan. Design/methodology/approach - The theory of planned behavior (TPB) is applied to underpin the conceptual framework. The study uses a quantitative approach. The study collects cross-sectional data through an online survey questionnaire. In the last, the authors utilized 334 samples for outcomes. Findings - Findings of the SEM reveal a significant positive effect of attitude, subjective norms (SNs), perceived behavioral control (PBC) and trust on IACR. Practical implications - The outcomes of an investigation would develop further intention and trust towards cryptocurrency adoption. The results would support developing favorable policies regarding the reduction of the ban on cryptocurrency in Pakistan to make easier transactions of the investors further. Possibly, it brings several opportunities in all segments of society in making the digital transaction modes through cryptocurrency. Finally, the findings would further validate the TPB in the context of cryptocurrency. Originality/value - The study provides a better understanding of cryptocurrency and investors IACR. The empirical evidence further develops the other individuals' intentions towards cryptocurrency usage.

Keywords: Attitude; Subjective norms; Perceived behavioral control; Trust; Intention to adopt cryptocurrency (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jeaspp:jeas-10-2021-0204

DOI: 10.1108/JEAS-10-2021-0204

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