Previous empirical studies on the cryptocurrency
| Authors/year | Country | Research background | Findings | Framework | Research methodology |
|---|---|---|---|---|---|
| Albayati et al. (2020) | Multiple | Customer-centric approach to accepting financial transactions via Blockchain technology | Trust, regulatory support, social influence, design and experience | TAM (Technology Acceptance Model) | Quantitative |
| Ali et al. (2020) | Multiple | Adoption of blockchain technology by consumers in the financial sector | Financial, regulations, operational and adoption challenges | Systematic literature review | Systematic Review |
| Kumar and Rani (2024) | India | Cryptocurrency as an investment and mode of transaction | Trialability, compatibility, complexity, observability and perceived value | DOI (Diffusion of Innovation), consumer behavioral theory | Quantitative |
| Al Reshaid et al. (2024) | Turkey | Consumers’ intention to adopt cryptocurrency for online shopping behavior | Attitudes, subjective norms, consumer trust and financial literacy | TPB (Theory of Planned Behavior) | Quantitative |
| Chen et al. (2022) | Malaysia | Satisfaction of customers with cryptocurrency adoption in digital transactions | Social influence, transparency, price value, traceability and attitude (AT) | TAM, Expectancy-Disconfirmation Theory, Adoption Theories | Quantitative |
| El Chaarani et al. (2024) | France | Factors driving the adoption of cryptocurrencies for financial transactions among industry consumers | Ease of use, perceived usefulness, social influence and financial literacy | TAM, DOI, TRA (Theory of Reasoned Action), UTAUT (Unified Theory of Acceptance and Use of Technology) | Quantitative |
| Arias-Oliva et al. (2019) | Spain | Successful development of a cryptocurrency from a consumer behavior perspective | Perceived risk, willingness and performance expectancy | TAM | Quantitative |
| Jegerson et al. (2024) | UAE | Investigates internal factors influencing consumer adoption of cryptocurrencies for remittance transactions | Behavioral intention, perceived risk and consumer innovation | UTAUT2 | Quantitative |
| Koroma et al. (2022) | Africa | Examines the influence of trust on citizens' decision-making behavior toward blockchain cryptocurrency | Trust, consumer behavior and ethical issues | Trust Transfer Theory | Quantitative |
| Sohaib et al. (2020) | Australia | Aims to answer questions regarding individual consumers' interest in cryptocurrency | Optimism, innovativeness, discomfort, insecurity, perceived ease of use and perceived usefulness | Technology Readiness, TAM | Quantitative |
| Huang (2019) | China | Impact factors on individuals' intention to hold Bitcoin, a cryptocurrency created by Blockchain technology | Understanding of the values and risks and less government intervention | Systematic literature review | Quantitative |
| Jegerson et al. (2023) | UAE | Exploring the adoption and usage of cryptocurrencies among customers in the UAE | Performance expectations, price value, hedonic motivation, and consumer innovativeness | TAM, UTAUT2 | Quantitative |
| Al-Amri et al. (2019) | Malaysia | A systematic literature review to collect previous research related to cryptocurrency adoption | Multiple factors including human and security and subjective norms | Systematic literature review | Mixed methods |
| Authors/year | Country | Research background | Findings | Framework | Research methodology |
|---|---|---|---|---|---|
| Multiple | Customer-centric approach to accepting financial transactions via Blockchain technology | Trust, regulatory support, social influence, design and experience | TAM (Technology Acceptance Model) | Quantitative | |
| Multiple | Adoption of blockchain technology by consumers in the financial sector | Financial, regulations, operational and adoption challenges | Systematic literature review | Systematic Review | |
| India | Cryptocurrency as an investment and mode of transaction | Trialability, compatibility, complexity, observability and perceived value | DOI (Diffusion of Innovation), consumer behavioral theory | Quantitative | |
| Turkey | Consumers’ intention to adopt cryptocurrency for online shopping behavior | Attitudes, subjective norms, consumer trust and financial literacy | TPB (Theory of Planned Behavior) | Quantitative | |
| Malaysia | Satisfaction of customers with cryptocurrency adoption in digital transactions | Social influence, transparency, price value, traceability and attitude (AT) | TAM, Expectancy-Disconfirmation Theory, Adoption Theories | Quantitative | |
| France | Factors driving the adoption of cryptocurrencies for financial transactions among industry consumers | Ease of use, perceived usefulness, social influence and financial literacy | TAM, DOI, TRA (Theory of Reasoned Action), UTAUT (Unified Theory of Acceptance and Use of Technology) | Quantitative | |
| Spain | Successful development of a cryptocurrency from a consumer behavior perspective | Perceived risk, willingness and performance expectancy | TAM | Quantitative | |
| UAE | Investigates internal factors influencing consumer adoption of cryptocurrencies for remittance transactions | Behavioral intention, perceived risk and consumer innovation | UTAUT2 | Quantitative | |
| Africa | Examines the influence of trust on citizens' decision-making behavior toward blockchain cryptocurrency | Trust, consumer behavior and ethical issues | Trust Transfer Theory | Quantitative | |
| Australia | Aims to answer questions regarding individual consumers' interest in cryptocurrency | Optimism, innovativeness, discomfort, insecurity, perceived ease of use and perceived usefulness | Technology Readiness, TAM | Quantitative | |
| China | Impact factors on individuals' intention to hold Bitcoin, a cryptocurrency created by Blockchain technology | Understanding of the values and risks and less government intervention | Systematic literature review | Quantitative | |
| UAE | Exploring the adoption and usage of cryptocurrencies among customers in the UAE | Performance expectations, price value, hedonic motivation, and consumer innovativeness | TAM, UTAUT2 | Quantitative | |
| Malaysia | A systematic literature review to collect previous research related to cryptocurrency adoption | Multiple factors including human and security and subjective norms | Systematic literature review | Mixed methods |
Source(s): Authors’ own creation
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.