Factors Influencing Individual and Organizational Adoption of Cryptocurrencies

Bennani, Khouloud Senda; Arpacı, İbrahim

doi:10.1142/9789811239670_0008

Cited by 3 publications

(4 citation statements)

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“…This finding accords with studies that have emphasized the link between the supportive regulatory structures and the sense of security and confidence in the legitimacy of cryptocurrencies, which amplify their perceived value [107,108]. However, previous studies have affirmed the significance of striking a balance between legal clarity and the benefits of cryptocurrencies to foster their responsible and secure adoption while complying with regulatory requirements [106,112].…”

Section: Discussionsupporting

confidence: 84%

“…Conversely, a hostile or uncertain legal environment can diminish these perceived benefits by raising doubts about the legitimacy and safety of cryptocurrency usage. This interplay underscores the importance of achieving a harmonious balance between legal clarity and the advantages of cryptocurrencies to promote their responsible and secure adoption while adhering to regulatory requirements [112]. Therefore, this study proposes the following:…”

Section: Legal Environment and Perceived Benefits Inmentioning

confidence: 99%

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Rolling the Crypto Dice: The Interplay of Legal Environments, Market Uncertainty, and Gambling Attitudes on Users’ Behavioral Intentions

Alsmadi,

Shuhaiber,

Al-Omoush

2023

Human Behavior and Emerging Technologies

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The high volatility and inherent high-risk nature of cryptocurrency investments promote the study of the determinants of value perception and the various factors influencing individuals’ intentions regarding whether to adopt, abstain from, or continue their investments in these dynamic cryptocurrency markets. The main aim of this study is to examine the determinants of behavioral intention to continue using cryptocurrencies. In addition, it is aimed at exploring the effect of gambling attitudes on the perceived benefits and legal environment in the cryptocurrency context. An online questionnaire was developed in order to gather data from 258 respondents in the United Arab Emirates (UAE). The research model was assessed, and the hypotheses were tested using PLS-SEM. The outcomes of the PLS analysis revealed that gambling attitudes, perceived benefits, legal environment, and market uncertainty are significant determinants of behavioral intention to continue using cryptocurrencies. This study also revealed a significant effect of gambling attitudes and legal environment on the perceived benefits of cryptocurrencies. This study adds to the body of knowledge on cryptocurrency adoption by providing new insights into the factors that influence consumers’ continued investment. Furthermore, the study has crucial practical implications for cryptocurrency firms in promoting this financial technology to users by increasing policymakers’ understanding of how investors think and get inspired to continue investing in cryptocurrencies.

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Section: Discussionsupporting

confidence: 84%

Section: Legal Environment and Perceived Benefits Inmentioning

confidence: 99%

Rolling the Crypto Dice: The Interplay of Legal Environments, Market Uncertainty, and Gambling Attitudes on Users’ Behavioral Intentions

Alsmadi,

Shuhaiber,

Al-Omoush

2023

Human Behavior and Emerging Technologies

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“…As summarized in Alzahrani and Daim [60], Esmaeilzadeh et al [90], and Bennani and Arpaci's [91] review, extant literature showed that different factors (such as economic, technical, social, and personal) could be influential when investors decide to invest in cryptocurrencies, and the various, new and rich features offered by crypto products continue to attract investors. Our findings, which we have enriched by including the block-chain-based projection stages of altcoins and crypto market characteristics, point out that investors, nowadays, prioritize the security of software platforms, the functional usefulness of crypto wallets, and price movements and transaction volume.…”

Section: Discussion and Interpretation Of The Resultsmentioning

confidence: 99%

Evaluation of Cryptocurrencies for Investment Decisions in the Era of Industry 4.0: A Borda Count-Based Intuitionistic Fuzzy Set Extensions EDAS-MAIRCA-MARCOS Multi-Criteria Methodology

Ecer

Böyükaslan

Zolfani

2022

Axioms

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Blockchain technologies, which form the basis of Industry 4.0, paved the way for cryptocurrencies to emerge as technological innovation in the technology age. Recently, investors worldwide have been interested in cryptocurrencies with increasing acceleration due to high earning expectations though they have no backing and intrinsic value. As such, this paper seeks to identify the most proper cryptocurrencies from an investment standpoint in our technological era. Fifteen well-known cryptocurrencies with the highest market capitalization are evaluated as per sixteen factors. An intuitionistic fuzzy set-driven methodology incorporating Evaluation Based on Distance from Average Solution (EDAS), Multi-Attributive Ideal Real Comparative Analysis (MAIRCA, and Measurement of Alternatives and Ranking according to COmpromise Solution (MARCOS), which is the study’s prominent novelty, has been applied to provide a strong group decision vehicle for cryptocurrency selection. Notwithstanding, although the results obtained with the three approaches are highly consistent, investors would not like to doubt the instrument they will invest in. The Borda count is then applied to obtain a compromise for the rankings obtained from each approach. As per our findings, Ethereum, Tether, and Bitcoin are the most suitable cryptocurrencies, whereas reliable software, ease of inclusion in the wallet, and stability are the foremost factors to consider when investing in cryptocurrencies. The findings are further discussed in detail from a financial perspective. The proposed approach could be employed to select different investment instruments in future studies.

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“…Currently, cryptocurrencies are among the most promising blockchain applications. Mainly due to decentralization (bypassing intermediaries, such as banks), their implementation for individual and organizational purposes created huge potential for business [44]. However, the scope of blockchain is noticeably wider.…”

Section: Blockchain Overviewmentioning

confidence: 99%

Blockchain’s Scope and Purpose in Carbon Markets: A Systematic Literature Review

Vilkov

Tian

2023

Sustainability

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Carbon markets, particularly emission trading schemes (ETS) and carbon offset projects, are significant mechanisms in climate change mitigation. However, there are still a number of unresolved issues regarding their attractiveness and efficient functioning. Blockchain, as the core of “3D’s concept” (including decentralization, decarbonization and digitalization), could be considered as a candidate solution for carbon markets’ improvement. A systematic literature review was conducted to identify the role of blockchain in ETS and carbon offset projects, its key features, implementation challenges and proposed applications, by analyzing and discussing the content of relevant studies, and grouping the results into domains. This study’s findings show that blockchain has great potential to be adopted in carbon markets. However, there is no data on blockchain use cases in energy efficiency, chemical processes and industrial manufacturing, waste disposal, and agriculture. Blockchain-based household and transportation carbon offset projects are linked to renewables through energy trading. Renewables and forestry are the most appropriate domains for blockchain adoption, considering various criteria of quality for carbon offset projects. Blockchain is currently immature in carbon markets because of its own drawbacks and challenges. This study also highlights research gaps and offers research directions to inspire researchers for conducting related investigations.

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Factors Influencing Individual and Organizational Adoption of Cryptocurrencies

Cited by 3 publications

References 0 publications

Rolling the Crypto Dice: The Interplay of Legal Environments, Market Uncertainty, and Gambling Attitudes on Users’ Behavioral Intentions

Rolling the Crypto Dice: The Interplay of Legal Environments, Market Uncertainty, and Gambling Attitudes on Users’ Behavioral Intentions

Evaluation of Cryptocurrencies for Investment Decisions in the Era of Industry 4.0: A Borda Count-Based Intuitionistic Fuzzy Set Extensions EDAS-MAIRCA-MARCOS Multi-Criteria Methodology

Blockchain’s Scope and Purpose in Carbon Markets: A Systematic Literature Review

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