Perceived Risk of Users’ Intention to Use Cryptocurrency in Malaysia: A Multi-analytic Approach

Al-amri, Redhwan; Al-shami, Shuhd; Alkawsi, Gamal

doi:10.1007/978-3-031-48397-4_13

Studies in Computational Intelligence

2023

DOI: 10.1007/978-3-031-48397-4_13

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Perceived Risk of Users’ Intention to Use Cryptocurrency in Malaysia: A Multi-analytic Approach

Redhwan Al-amri,

Shuhd Al-shami,

Gamal Alkawsi

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2024

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Cited by 2 publications

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Exploring individuals’ purchase willingness for cryptocurrency in an emerging context

M. Anwarul Islam,

Omeish,

Islam

et al. 2024

Innovative Marketing

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This study aims to investigate the influencing factors of consumers’ willingness to buy cryptocurrency in Malaysia. The targeted population of this study was Malaysian citizens who had knowledge about digital currency such as cryptocurrency. In this study, the data collection process was completed using an online survey questionnaire from several social media groups in Malaysia. They were sent a survey invitation to take part in, and after their approval, their responses were gathered. Five-point Likert scale has been used, where ‘1’ stands for “strongly disagree” and ‘5’ stands for “strongly agree”, to find out the item-wise questionnaire. The final sample size was n = 620. Moreover, 5% significance level and SPSS software were used to analyze the data and evaluate the hypotheses. The outcome of this study exposes that the perception of the price value of the cryptocurrency, perceived trust, and perceived security measure positively and significantly affect consumers’ willingness to buy cryptocurrency. Overall, these variables can explain 49.50% (R2 = 0.495) of the variance in predicting consumers’ willingness to buy cryptocurrency. It is found that among the three determinants, perceived trust (β = 0.569) in cryptocurrency had the highest impact on the intention among Malaysian consumers compared to other variables. This study contributes to the limited existing literature concerning Bitcoin and digital currencies, offering insights that can aid scholars in comprehending the significance of cryptocurrency and delineating its predominant impacts within the Malaysian cryptocurrency space.

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Exploring individuals’ purchase willingness for cryptocurrency in an emerging context

M. Anwarul Islam,

Omeish,

Islam

et al. 2024

Innovative Marketing

View full text Add to dashboard Cite

show abstract

Behavioral and Psychological Determinants of Cryptocurrency Investment: Expanding UTAUT with Perceived Enjoyment and Risk Factors

Bland,

Changchit,

Cutshall

et al. 2024

JRFM

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With their potential for high returns and expanding role in the financial landscape, cryptocurrency investments have garnered the attention of the financial press and investors. Applying an integrated research model based on the Unified Theory of Acceptance and Use of Technology (UTAUT), this study investigates the factors influencing individual investors’ attitudes toward cryptocurrency investments and their intention to continue investing. The model incorporates constructs such as performance expectancy, effort expectancy, social influence, perceived risk, perceived privacy, technology competency, perceived enjoyment, and prior experience. Data from 506 cryptocurrency investors located in the United States were collected through a 50-item questionnaire. The findings indicate that performance expectancy and perceived enjoyment positively impact attitudes toward cryptocurrency investments, which, in turn, influence the intention to continue investing. Perceived privacy positively affects performance expectancy, while technology competency enhances effort expectancy. These results offer valuable insights for policymakers and cryptocurrency exchanges to foster sustainable growth in the cryptocurrency market. Despite its contributions, the study acknowledges limitations, including a focus on current investors in the US and the exclusion of factors such as optimism and innovativeness. Future research should explore these aspects across different populations and regions to gain a more comprehensive understanding of cryptocurrency investment behavior.

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Perceived Risk of Users’ Intention to Use Cryptocurrency in Malaysia: A Multi-analytic Approach

Cited by 2 publications

References 46 publications

Exploring individuals’ purchase willingness for cryptocurrency in an emerging context

Exploring individuals’ purchase willingness for cryptocurrency in an emerging context

Behavioral and Psychological Determinants of Cryptocurrency Investment: Expanding UTAUT with Perceived Enjoyment and Risk Factors

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