Staff View: Understanding the determinants of cryptocurrencies adoption among young Malaysians

Understanding the determinants of cryptocurrencies adoption among young Malaysians

Currently around the world and especially in Malaysia, digital currencies are still in their nascent stage, especially among university students. Several groups like government establishments, the business community, and young generations among others have started to take considerable interest in th...

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Main Authors:	Saidi, Mpawenimana Abdallah, Tang, Seik Yng, Olowolayemo, Akeem, Adewale, Nafisah, Mohammed, Adam Andani
Format:	Article
Language:	English
Published:	Kulliyyah of Information and Communication Technology, IIUM 2023
Subjects:	HG179 Personal finance HG221 Bitcoin/Cryptocurrency/Block Chain
Online Access:	http://irep.iium.edu.my/105665/7/105665_Understanding%20the%20determinants.pdf http://irep.iium.edu.my/105665/ https://journals.iium.edu.my/kict/index.php/jisdt/issue/view/36
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spelling	my.iium.irep.1056652023-07-20T08:41:19Z http://irep.iium.edu.my/105665/ Understanding the determinants of cryptocurrencies adoption among young Malaysians Saidi, Mpawenimana Abdallah Tang, Seik Yng Olowolayemo, Akeem Adewale, Nafisah Mohammed, Adam Andani HG179 Personal finance HG221 Bitcoin/Cryptocurrency/Block Chain Currently around the world and especially in Malaysia, digital currencies are still in their nascent stage, especially among university students. Several groups like government establishments, the business community, and young generations among others have started to take considerable interest in the use of digital currencies for different forms of transactions. However, the potential of cryptocurrencies has not been entirely exploited to its fullest. This study examined the impact of digital currency adoption on the Malaysian economy through a quantitative design using an online survey. The population for this study includes young, educated people in Malaysia, specifically undergraduates and young graduates. This research evaluates Malaysian university students' and young graduates’ awareness and usage of cryptocurrencies as well as the challenges envisaged by various strata of users regarding the impact of digital currency adoption on the economy and the future of banking and money. The findings show that statistically significant positive relationships exist between the dependent variable (Intention to use Cryptocurrencies) and all independent variables of the study,(namely, awareness, perceived ease of use, perceived usefulness, perceived trustworthiness as well as perceived risk), and the dependent variable, intention to use (IU)(with correlation coefficient r-values of 0.106 and 0.164 with the p-value is 0.000 and significance level of 0.01). The study therefore concludes that the potential of cryptocurrencies invading the global market, despite the advantages of cryptocurrencies, is yet to be widely accepted among Malaysians. Kulliyyah of Information and Communication Technology, IIUM 2023-06-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/105665/7/105665_Understanding%20the%20determinants.pdf Saidi, Mpawenimana Abdallah and Tang, Seik Yng and Olowolayemo, Akeem and Adewale, Nafisah and Mohammed, Adam Andani (2023) Understanding the determinants of cryptocurrencies adoption among young Malaysians. Journal of Information Systems and Digital Technologies, 5 (1). pp. 60-75. E-ISSN 2682-8790 https://journals.iium.edu.my/kict/index.php/jisdt/issue/view/36
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English
topic	HG179 Personal finance HG221 Bitcoin/Cryptocurrency/Block Chain
spellingShingle	HG179 Personal finance HG221 Bitcoin/Cryptocurrency/Block Chain Saidi, Mpawenimana Abdallah Tang, Seik Yng Olowolayemo, Akeem Adewale, Nafisah Mohammed, Adam Andani Understanding the determinants of cryptocurrencies adoption among young Malaysians
description	Currently around the world and especially in Malaysia, digital currencies are still in their nascent stage, especially among university students. Several groups like government establishments, the business community, and young generations among others have started to take considerable interest in the use of digital currencies for different forms of transactions. However, the potential of cryptocurrencies has not been entirely exploited to its fullest. This study examined the impact of digital currency adoption on the Malaysian economy through a quantitative design using an online survey. The population for this study includes young, educated people in Malaysia, specifically undergraduates and young graduates. This research evaluates Malaysian university students' and young graduates’ awareness and usage of cryptocurrencies as well as the challenges envisaged by various strata of users regarding the impact of digital currency adoption on the economy and the future of banking and money. The findings show that statistically significant positive relationships exist between the dependent variable (Intention to use Cryptocurrencies) and all independent variables of the study,(namely, awareness, perceived ease of use, perceived usefulness, perceived trustworthiness as well as perceived risk), and the dependent variable, intention to use (IU)(with correlation coefficient r-values of 0.106 and 0.164 with the p-value is 0.000 and significance level of 0.01). The study therefore concludes that the potential of cryptocurrencies invading the global market, despite the advantages of cryptocurrencies, is yet to be widely accepted among Malaysians.
format	Article
author	Saidi, Mpawenimana Abdallah Tang, Seik Yng Olowolayemo, Akeem Adewale, Nafisah Mohammed, Adam Andani
author_facet	Saidi, Mpawenimana Abdallah Tang, Seik Yng Olowolayemo, Akeem Adewale, Nafisah Mohammed, Adam Andani
author_sort	Saidi, Mpawenimana Abdallah
title	Understanding the determinants of cryptocurrencies adoption among young Malaysians
title_short	Understanding the determinants of cryptocurrencies adoption among young Malaysians
title_full	Understanding the determinants of cryptocurrencies adoption among young Malaysians
title_fullStr	Understanding the determinants of cryptocurrencies adoption among young Malaysians
title_full_unstemmed	Understanding the determinants of cryptocurrencies adoption among young Malaysians
title_sort	understanding the determinants of cryptocurrencies adoption among young malaysians
publisher	Kulliyyah of Information and Communication Technology, IIUM
publishDate	2023
url	http://irep.iium.edu.my/105665/7/105665_Understanding%20the%20determinants.pdf http://irep.iium.edu.my/105665/ https://journals.iium.edu.my/kict/index.php/jisdt/issue/view/36
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score	13.211869

Understanding the determinants of cryptocurrencies adoption among young Malaysians

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