Understanding Cryptocurrency Adoption: The roles of Technology, Users, and Trust in Unregulated Markets

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Understanding Cryptocurrency Adoption: The roles of Technology, Users, and Trust in Unregulated Markets

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Understanding Cryptocurrency Adoption: The roles of Technology, Users, and Trust in Unregulated Markets

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50203 - Industrial relations

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Human Behavior and Emerging Technologies

ISSN

2578-1863

e-ISSN

—

Svazek periodika

2025

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

17

Strana od-do

1-17

Kód UT WoS článku

001571150500001

EID výsledku v databázi Scopus

2-s2.0-105016134055