Factors affecting cryptocurrency adoption in digital market of Malaysia

Cryptocurrency plays an important role in today's digital currency environment. Improving cryptocurrency adoption is important for consumers and practitioners, as it improves understanding, enhances behavior, attitude, trust, and increases satisfaction. Though the lack of cryptocurrency adoptio...

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Main Author: Miraz, Mahadi Hasan
Format: Thesis
Language:en
en
Published: 2021
Subjects:
Online Access:https://etd.uum.edu.my/9544/1/permission%20to%20deposit-allow-903306.pdf
https://etd.uum.edu.my/9544/2/s903306_01.pdf
https://etd.uum.edu.my/9544/
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_version_ 1834411513709854720
author Miraz, Mahadi Hasan
author_facet Miraz, Mahadi Hasan
author_sort Miraz, Mahadi Hasan
building UUM Library
collection Institutional Repository
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
continent Asia
country Malaysia
description Cryptocurrency plays an important role in today's digital currency environment. Improving cryptocurrency adoption is important for consumers and practitioners, as it improves understanding, enhances behavior, attitude, trust, and increases satisfaction. Though the lack of cryptocurrency adoption is a significant issue that arises in the digital market, cryptocurrency adoption is crucial to the support of technology capability facilitated with appropriate behavioral intention too. Considering the fact, this study intended to investigate the impact of cryptocurrency adoption in the digital market in Malaysia. This empirical study examined the role of trust (TR), social influence (SI), cryptocurrency transaction transparency (CTT), technology awareness (TA), facilitating conditions (FC), performance expectancy (PE), attitude (AT), customer satisfaction on behavioral intention (BI) and cryptocurrency adoption (CA). The study also intended to examine the role of behavioral intention as a mediator in the context of cryptocurrency adoption. In line with the research objectives, systematic random sampling was used in this study. Cross-sectional data were collected using a questionnaire at the cryptocurrency consumer of Malaysia, which produced a total of 349 usable responses. The study employed Partial Least Squares Structural Equation Modelling (PLS-SEM) for data analysis. Findings o the study revealed that TR, SI, CTT, TA, and FC positively affect CA (dependent variable) through the mediation of behavioral intention (BI) in Malaysia's digital market. On the other hand, PE, AT, and CS negatively affect cryptocurrency adoption in Malaysia's digital market. Future researchers may replicate the study in different countries in a different industry context and integrate similar constructs to broaden the current body of knowledge.
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spelling my.uum.etd-95442022-06-26T01:18:39Z https://etd.uum.edu.my/9544/ Factors affecting cryptocurrency adoption in digital market of Malaysia Miraz, Mahadi Hasan HG Finance T Technology (General) Cryptocurrency plays an important role in today's digital currency environment. Improving cryptocurrency adoption is important for consumers and practitioners, as it improves understanding, enhances behavior, attitude, trust, and increases satisfaction. Though the lack of cryptocurrency adoption is a significant issue that arises in the digital market, cryptocurrency adoption is crucial to the support of technology capability facilitated with appropriate behavioral intention too. Considering the fact, this study intended to investigate the impact of cryptocurrency adoption in the digital market in Malaysia. This empirical study examined the role of trust (TR), social influence (SI), cryptocurrency transaction transparency (CTT), technology awareness (TA), facilitating conditions (FC), performance expectancy (PE), attitude (AT), customer satisfaction on behavioral intention (BI) and cryptocurrency adoption (CA). The study also intended to examine the role of behavioral intention as a mediator in the context of cryptocurrency adoption. In line with the research objectives, systematic random sampling was used in this study. Cross-sectional data were collected using a questionnaire at the cryptocurrency consumer of Malaysia, which produced a total of 349 usable responses. The study employed Partial Least Squares Structural Equation Modelling (PLS-SEM) for data analysis. Findings o the study revealed that TR, SI, CTT, TA, and FC positively affect CA (dependent variable) through the mediation of behavioral intention (BI) in Malaysia's digital market. On the other hand, PE, AT, and CS negatively affect cryptocurrency adoption in Malaysia's digital market. Future researchers may replicate the study in different countries in a different industry context and integrate similar constructs to broaden the current body of knowledge. 2021 Thesis NonPeerReviewed text en https://etd.uum.edu.my/9544/1/permission%20to%20deposit-allow-903306.pdf text en https://etd.uum.edu.my/9544/2/s903306_01.pdf Miraz, Mahadi Hasan (2021) Factors affecting cryptocurrency adoption in digital market of Malaysia. Doctoral thesis, Universiti Utara Malaysia.
spellingShingle HG Finance
T Technology (General)
Miraz, Mahadi Hasan
Factors affecting cryptocurrency adoption in digital market of Malaysia
title Factors affecting cryptocurrency adoption in digital market of Malaysia
title_full Factors affecting cryptocurrency adoption in digital market of Malaysia
title_fullStr Factors affecting cryptocurrency adoption in digital market of Malaysia
title_full_unstemmed Factors affecting cryptocurrency adoption in digital market of Malaysia
title_short Factors affecting cryptocurrency adoption in digital market of Malaysia
title_sort factors affecting cryptocurrency adoption in digital market of malaysia
topic HG Finance
T Technology (General)
url https://etd.uum.edu.my/9544/1/permission%20to%20deposit-allow-903306.pdf
https://etd.uum.edu.my/9544/2/s903306_01.pdf
https://etd.uum.edu.my/9544/
url_provider http://etd.uum.edu.my/