Table 7.

Summary of the hypothesis test

HHypothesis statementResult
H1Attitude positively influences the intention to use cryptocurrencies for electronic commerceSupported
H2Subjective norm positively influences the intention to use cryptocurrencies for electronic commerceSupported
H3Perceived control behavior positively influences the intention to use cryptocurrencies for electronic commerceSupported
H4Illegal attitude positively influences the intention to use cryptocurrencies for electronic commerceSupported
H5Herding behavior positively influences the intention to use cryptocurrencies for electronic commerceSupported
H6Perception of risk positively influences the intention to use cryptocurrencies for electronic commerceSupported
H7Financial literacy positively influences the intention to use cryptocurrencies for electronic commerceNot supported
H8aThe relationship between attitude and the intention to adopt cryptocurrencies for electronic commerce is stronger in collectivist than in individualist societiesSupported
H8bThe relationship between subjective norm and the intention to adopt cryptocurrencies for electronic commerce is stronger in collectivist than in individualist societiesSupported
H9aThe positive relationship between social influence and the intention to adopt cryptocurrencies for electronic commerce is stronger in societies characterized by high power distanceSupported
H9bThe positive relationship between herding behavior and the intention to adopt cryptocurrencies for electronic commerce is stronger in societies characterized by high power distanceSupported
H10aThe positive relationship between illegal attitude and the intention to adopt cryptocurrencies for electronic commerce is weaker in societies characterized by high power distanceSupported
H10bThe positive relationship between illegal attitude and the intention to adopt cryptocurrencies for electronic commerce is weaker in collectivist societiesSupported
H11aThe positive relationship between perceived control behavior and the intention to adopt cryptocurrencies for electronic commerce is stronger in societies characterized by long term orientationNot supported
H11bThe positive relationship between perceived risk and the intention to adopt cryptocurrencies for electronic commerce is weaker in societies characterized by long term orientationSupported

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