Who adopts crypto assets in Japan? Evidence from the 2019 financial literacy survey

Fujiki, Hiroshi

doi:10.1016/j.jjie.2020.101107

Cited by 55 publications

(48 citation statements)

References 10 publications

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“…Some evidences in this way are [55] for electronic ways of micro crowdfunding and also abovementioned papers [26,[43][44][45][47][48][49][50]56]. Within cryptos and blockchain research we find [9][10][11][12]15,16,18,20] confirming so. We have to point out that in [20] EE may be assimilated to the construct "web quality" in this paper.…”

Section: A Model To Explain the Acceptance Of Cryptocurrencies By Houmentioning

confidence: 52%

“…In the use of mbanking [26,[47][48][49][50][51] obtain similar results. Regarding specific literature on cryptos results in [7][8][9][10][11][12]14,15,18,20,21] also suggests that PE is the key factor to explain intention to use, so the following hypothesis can be stated: Hypothesis 1 (H1). Performance expectancy influences positively intention to use cryptos.…”

Section: A Model To Explain the Acceptance Of Cryptocurrencies By Houmentioning

confidence: 99%

“…Literature on the application of TAMs on this topic is not so widespread and, due to the reasons above, all very recent. Let us point out apart from [7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22]. Despite all reviewed literature is based in the use of TAMs, the final configuration of hypothesis to test and the use/user of cryptos under consideration have different nuances.…”

Section: Introductionmentioning

confidence: 99%

“…Despite all reviewed literature is based in the use of TAMs, the final configuration of hypothesis to test and the use/user of cryptos under consideration have different nuances. They may come from how TAM is applied but also due to the use of cryptocurrency tested: a generic intention to use by individuals [7][8][9][10][11][12][13][14][15][16][17][18][19][20]; as a payment method in commercial transactions [14][15][16][17][18][19][20][21] or as a purely way of investment [19]. This paper uses the configuration of hypotheses in [7] and also tests the intention to use by households, i.e., their motivation may be either as payment method or as an investment asset.…”

Section: Introductionmentioning

confidence: 99%

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Fuzzy Set Qualitative Comparative Analysis of Factors Influencing the Use of Cryptocurrencies in Spanish Households

Arias-Oliva¹,

Andrés-Sánchez²,

Borondo

2021

Mathematics

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This paper assesses the variables influencing the expansion of cryptocurrency (crypto for short) use in households. To carry on the study we apply a consumer-behavior focus and so-called fuzzy set Qualitative Comparative Analysis (fsQCA). In a previous research, that was grounded on Unified Theory of Acceptance and Use of Technology (UTAUT) and Partial Least Squares (PLS), we found that main factors to explain the intention to use of cryptos by individuals were performance expectancy (in fact, it was the main factor), effort expectancy and facilitating conditions. We did not found evidences about the relevance of social influence, perceived risk and financial literacy. This study revisits these results by applying fsQCA instead PLS. Empirical research on factors influencing cryto use is relatively scarce due to the novelty of blockchain techs, so the present paper expands the literature on this topic by using an original analytical tool in this context. The main contribution of this paper consists in showing empirically that fsQCA provides a complementary and enriching perspective to interpret data about the use of cryptos. We obtain again that the most relevant factor to explain the intention of using cryptocurrencies is perceived expectancy and that also effort expectancy and facilitation conditions are relevant. But also fsQCA has allowed us discovering that despite social influence, perceived risk and financial literacy were not significant in the PLS model, they impact on the intention to use cryptocurrencies when are combined with other factors. Social influence acts as an “enable factor” for the rest of explanatory variables and it is linked positively with intention to use cryptos. Also financial literacy is relevant because its lack is a sufficient condition for the non-acceptance of that blockchain tech. Likewise we have checked that perceived risk influences the intention of using cryptos. However, this influence may be positive or negative depending of the circumstances.

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Section: A Model To Explain the Acceptance Of Cryptocurrencies By Houmentioning

confidence: 52%

Section: A Model To Explain the Acceptance Of Cryptocurrencies By Houmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Fuzzy Set Qualitative Comparative Analysis of Factors Influencing the Use of Cryptocurrencies in Spanish Households

Arias-Oliva¹,

Andrés-Sánchez²,

Borondo

2021

Mathematics

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“…12 In Japan, a recent survey found 10 percent of respondents adopted cryptoassets in the past three years. 13 Closer to home, in 2018 the Federal Reserve Bank of New York added several questions on cryptoassets to their Survey of Consumer Expectations and found that 85 percent of respondents had heard of cryptoassets, while 5 percent reported they currently or previously owned them. 14 Similarly, the Federal Reserve Bank of Atlanta found 2.5 percent of respondents owned Bitcoin or other cryptocurrencies in 2018.…”

Section: A Profile Of Bitcoin Adopters In 2018mentioning

confidence: 99%

Benchmarking Bitcoin Adoption in Canada: Awareness, Ownership and Usage in 2018

Huynh

Henry²,

Nicholls³

et al. 2020

ledger

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The Bank of Canada commissioned the Bitcoin Omnibus Survey in 2016 to monitor trends in the adoption and use of Bitcoin and other cryptoassets. This report presents findings from the latest iteration of the survey, which was conducted in 2018. We find that between 2016 and 2018 the share of Canadians who were aware of Bitcoin increased from 62 percent to 89 percent and those that owned Bitcoin increased from 3 percent to 5 percent. However, the share of past owners also increased, suggesting an influx of Bitcoin owners who subsequently divested after the steep rise of prices in 2017. The main reason for owning Bitcoin remains speculation, though this share decreased slightly since 2017. On the other hand, the share of Canadians who reported using Bitcoin for transactions a few times a month or more increased. Finally, we discuss how Bitcoin adopters differ from overall Canadians with respect to their financial literacy and cash holdings.

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Ownership and purchase intention of crypto-assets: survey results

Stix

2021

Empirica

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The Working Paper series of the Oesterreichische Nationalbank is designed to disseminate and to provide a platform for Working Paper series of the Oesterreichische Nationalbank is designed to disseminate and to provide a platform for Working Paper series of the Oesterreichische Nationalbank discussion of either work of the staff of the OeNB economists or outside contributors on topics which are of special interest to the OeNB. To ensure the high quality of their content, the contributions are subjected to an international refereeing process. The opinions are strictly those of the authors and do in no way commit the OeNB.The Working Papers are also available on our website (http://www.oenb.at) and they are indexed in RePEc (http://repec.org/).

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Who adopts crypto assets in Japan? Evidence from the 2019 financial literacy survey

Cited by 55 publications

References 10 publications

Fuzzy Set Qualitative Comparative Analysis of Factors Influencing the Use of Cryptocurrencies in Spanish Households

Fuzzy Set Qualitative Comparative Analysis of Factors Influencing the Use of Cryptocurrencies in Spanish Households

Benchmarking Bitcoin Adoption in Canada: Awareness, Ownership and Usage in 2018

Ownership and purchase intention of crypto-assets: survey results

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