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

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

doi:10.1016/j.techsoc.2022.101885

Cited by 57 publications

(41 citation statements)

References 37 publications

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“…Previous research indicated that perceived trust influences consumers' intention to use cryptocurrencies [32], [33], [36], [39], [62]. However, Mendoza-Tello et al [5] found that trust is not among strong predictors of cryptocurrency use, possibly due to a lack of adequate understanding at early stages of disruptive technologies.…”

Section: Hypotheses Development a Consumer Trust In Crypto-payment An...mentioning

confidence: 99%

How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

2022

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The ever-increasing acceptance of cryptocurrencies has fueled applications beyond investment purposes. Crypto-payment is one such application that can bring radical changes to financial transactions in many industries, particularly e-commerce and online retail. However, characteristics of the technology such as transaction disintermediation, lack of central authority, and lack of adequate regulations may introduce new privacy and security concerns among the users. This coincides with another trend of rising individuals' concerns pertaining to information privacy and security issues in online transactions. The current paper investigates how consumer trust in crypto-payment, a key determinant of consumer intentions and relational exchanges over the long-term, is formed based on their perceptions towards privacy and security aspects of the technology. Using data from 327 survey participants, the study found that perceived information privacy risk, perceived anonymity, and perceived traceability of transactions are significant determinants of consumer trust in crypto-payment; but their perceptions of information security fraud risk have no significant effect. It also provided support for the hypothesis that perceived trust contributes to consumers' intention to adopt crypto-payment. The findings highlight the need to enhance consumer understanding and awareness of information privacy and potential security issues in crypto-payment as well as what needs to be done to address consumer concerns in this regard. The paper creates novel insights into the requirements of trust in crypto-payment services and the consequences of consumers' perceptions of privacy and security in this domain.

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Section: Hypotheses Development a Consumer Trust In Crypto-payment An...mentioning

confidence: 99%

How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

2022

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“…By 2023, online business-to-business (B2B) sales in the United States are predicted to exceed $1,8 trillion. The expansion of business-to-business (B2B) E-Commerce and its associated technologies has also contributed to increased order volume, more efficient supply chains, and lower order management expenses for wholesalers, manufacturers, and distributors (Koroma et al, 2022). Furthermore, Business-to-consumer (B2C) transactions have significantly benefited from online shopping.…”

Section: Journal Of Business Researchmentioning

confidence: 99%

“…Cross-Border trade is driven by the desire to export products with competitive advantages to other nations. (Koroma et al, 2022) further cited an example of comparative advantages of oil in the Middle East, machinery items in Europe, food in Central America, and manufacturing in Asia are all examples. Nonetheless, the asymmetry of knowledge between the importing and exporting countries frequently results in unfavorable selection in the transaction of such products.…”

Section: Digital Currency In Cross Border E-commercementioning

confidence: 99%

Rise of Cross-Border E-Commerce: A Systematic Literature Review

Derindağ

2022

JATTS

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E-Commerce is trending almost everywhere globally. However, the new trends in E-Commerce further transformed it into Cross-Border trade, leading to extensive benefits at every level of social and commercial life. Considering the rise of Cross-Border online shopping, this study has extensively highlighted how the Cross-Border E-Commerce phenomenon is reflected in the literature. The researcher applied a systematic review approach and selected n= 45 research papers published between 2010 to 2022. Analysis indicated that Cross-Border E-Commerce had taken the globe by storm due to its rapid growth and unprecedented COVID-19 emergence. With the introduction of the ICT and Internet, it has become increasingly prevalent and simple to become a global seller and reap the benefits of international trade by the means of E-Commerce. Besides, the rise of E-Commerce drives new economic growth and triggers innovation among retailers by encouraging them to differentiate their products and provide an engaging user experience. On the other hand, digital payment patterns such as cryptocurrencies further add to the adoption, adding improved payment trends in Cross-Border E-Commerce. Thus, it is concluded that advanced technology, strategic policies, increased demand, and all others played a potential role in the success of Cross-Border E-Commerce today. However, traders face many challenges that need to be resolved to attain greater opportunities. Finally, the researcher emphasized the study's limitations and recommended future studies.

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“…(2021, p. 1220) calls attention to security and trust as being “the biggest obstacle for the governments to legalise transactions using Bitcoin, which may hamper the intention of many potential Bitcoin users from using it”. Koroma et al. (2022) examines the influence of trust on citizens' behaviour in decision-making towards blockchain cryptocurrency.…”

Section: Introductionmentioning

confidence: 99%

“…Regardless of its widespread interest, the recent study of Ooi et al (2021Ooi et al ( , p. 1220) calls attention to security and trust as being "the biggest obstacle for the governments to legalise transactions using Bitcoin, which may hamper the intention of many potential Bitcoin users from using it". Koroma et al (2022) examines the influence of trust on citizens' behaviour in decision-making towards blockchain cryptocurrency. Findings show that blockchain transparency is important to develop trust on cryptocurrency and on citizen's behaviour.…”

Section: Introductionmentioning

confidence: 99%

Cryptocurrency adoption: a systematic literature review and bibliometric analysis

Sousa

Calçada

Rodrigues

et al. 2022

EMJB

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PurposeCryptocurrencies put consumers at the heart of a potential revolution by shifting central authority to a distributed peer-to-peer monetary system. This study aims to perform a systematic literature review and bibliometric analysis within the topic of cryptocurrencies and consumer trust.Design/methodology/approachThe Web of Science database has been selected, and the analyses performed allowed us to identify five research trends obtained from the bibliographic coupling analysis: (1) Understanding consumer's (non)acceptance of cryptocurrencies, (2) Ethical aspects and trust in cryptocurrencies, (3) Blockchain technology as a trust-free technology, (4) The blockchain/trust economy, and (5) Blockchain technology: challenging trust.FindingsFindings uncover the intellectual structure in the field of cryptocurrencies and consumers' trust and offer insights on the pros and cons of consumers' willingness to trust the digital currency.Originality/valueThe study proved a great gap in the current literature in linking cryptocurrencies and trust theories in a consumer context. The authors also outline several gaps that allowed us to propose future research guidelines.

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

Cited by 57 publications

References 37 publications

How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

How Perceptions of Information Privacy and Security Impact Consumer Trust in Crypto-Payment: An Empirical Study

Rise of Cross-Border E-Commerce: A Systematic Literature Review

Cryptocurrency adoption: a systematic literature review and bibliometric analysis

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