Understanding Cryptocurrency Adoption: The roles of Technology, Users, and Trust in Unregulated Markets
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F25%3A63591298" target="_blank" >RIV/70883521:28120/25:63591298 - isvavai.cz</a>
Result on the web
<a href="https://onlinelibrary.wiley.com/doi/10.1155/hbe2/7750468" target="_blank" >https://onlinelibrary.wiley.com/doi/10.1155/hbe2/7750468</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1155/hbe2/7750468" target="_blank" >10.1155/hbe2/7750468</a>
Alternative languages
Result language
angličtina
Original language name
Understanding Cryptocurrency Adoption: The roles of Technology, Users, and Trust in Unregulated Markets
Original language description
The rise of cryptocurrencies, powered by blockchain technology, shifts trust from centralized institutions to technology itself. However, the drivers of trust in cryptocurrency adoption (CA) remain unclear, with existing models like commitment-trust theory, trust in technology, and digital trust insufficiently addressing decentralized systems. To bridge this gap, this study integrates the task-technology fit (TTF) framework and five-factor theory (FFT) into a comprehensive cryptocurrency trust model. TTF explains how blockchain features—security, transparency, traceability, price value, and transaction speed—impact technology characteristics (TCs), while FFT captures user characteristics (UCs), including psychological and behavioral dimensions, essential for trust development. Analyzing survey data from 200 participants using structural equation modeling (SEM), the findings highlight the mediating role of crypto trust (CT) between TC, UC, and external environmental factors (EX) in driving CA. CT mitigatesconcerns about fraud, security breaches, and reliability, transforming technological and individual readiness into adoption, particularly in unregulated markets like Vietnam. This study updates trust frameworks by integrating TTF and FFT, emphasizing the need for trust-building strategies, technological transparency, and regulatory clarity. In particular, the findings underscore that clear, supportive, and consistent regulatory policies are essential for legitimizing cryptocurrency use, reducing uncertainty, and indirectly fostering user trust. These insights provide concrete policy directions for governments seeking to enhance adoption in decentralized financial systems while ensuring public protection and market stability.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50203 - Industrial relations
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Human Behavior and Emerging Technologies
ISSN
2578-1863
e-ISSN
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Volume of the periodical
2025
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
17
Pages from-to
1-17
UT code for WoS article
001571150500001
EID of the result in the Scopus database
2-s2.0-105016134055