Cryptocurrency adoption and the road to regulation
Ludwig Christian Schaupp, Mackenzie M. Festa · 2018
Blockchain technology is the underlying enabling technology developed for Bitcoin, the most common cryptocurrency. Blockchain technologies have become increasingly popular with the potential to become a powerful disruptive force. Individuals and organizations may benefit from blockchain with its ability to increase secure data exchange and to make that transaction simpler and easier between entities. We investigate factors that influence an individual's intention to use a blockchain cryptocurrency. We develop a model of cryptocurrency adoption grounded in the theory of planned behavior (TPB) to: identify the determinants for the acceptance of cryptocurrency and explore the relative importance of each construct. We offer empirical evidence for a better theoretical understanding of cryptocurrency adoption with practical implications in an e-government context.