Cryptocurrency has revolutionized the economic system of the world. It provides a new and innovative means of exchange that has speedily invaded the financial market trends and changed the traditional cash world. However, consumers have low acceptability for blockchain-based cryptocurrency due to increasing online scams and the absence of a regulatory framework. There is also a misconception about its usage on many platforms, which has created a clear gap in the literature to address this issue. Therefore, the current study intends to investigate the effect of technology awareness on the behavioral intention of crypto users through perceived factors (usefulness, ease of use, risk). It also empirically examines the moderating role of government support on these indirect paths. The underlying framework is investigated by surveying 333 respondents from the Z generation. Results revealed that perceived factors (usefulness, ease of use, risk) mediate the relationship between technology awareness and behavioral intention. Furthermore, government support strengthens the indirect relationship of technology awareness on behavioral intention through technology acceptance determinants, such that the effect of technology awareness on behavioral intention through perceived factors (usefulness, ease of use, risk) is more assertive when government support is high. The findings will provide a new dimension to different financial bodies implementing monetary policy and highlight the need to adopt innovative digital technologies in Pakistan.
Malaysian banks and financial organisations urgently require a secure authentication mechanism. However, there is a lack of research on the factors that drive blockchain authentication technology adoption, notably in Malaysian banks. This study identified the factors impacting adopting blockchain authentication technology in Malaysia. This document will be a roadmap for replacing existing technology utilizing the traditional transaction authorization code (TAC) via a short messaging service (SMS). In addition, this study looks into the elements that influence the new blockchain authentication technology's acceptability in Malaysia. The data was gathered from articles and research papers written by other scholars on blockchain authentication. To examine and categorise the aspects that influence the acceptance of blockchain authentication technology, we used risk management in technology (RMiT) standards to map them. Based on the result, security risk, regulatory support, technology latency, and technology complexity have been established as components of blockchain authentication adoption factors that can be a guideline to implement blockchain authentication in banking and financial institutions in Malaysia. In addition, the findings can contribute as a reference for future researchers to develop models or guidelines for blockchain authentication methods in banking and financial institutions.
Blockchain is one of the trending emerging technologies that enables immutable data storage over distributed ledgers. The fundamental features of blockchain technology, such as record and identity traceability and immutability makes it an attractive alternative for the state-of-the-art information systems. Thus, blockchain has found its way into various fields. In Iran, blockchain technology has been employed in different areas including: commercial mining platforms, secure exchange platforms, and innovative trustless projects. One of the main applications of blockchain is secure management of sensitive information, which makes it a suitable infrastructure for providing advanced control over data in police task forces. The motivation behind this research is to provide a conceptual framework for employing blockchain in law enforcement organizations by analysis and comparison of best practices in other countries and academic case-studies. We provide a systematic overview of case-studies by qualitative content analysis. Moreover, the reliability of our statistics is evaluated by Cohen's kappa coefficient roughly 0.64. Finally, the prioritized applications were evaluated by a 14 member experts panel through fuzzy Delphi method with a Kendall’s Coefficient of Concordance of W=0.711, indicating high rates of agreement among members. To this end, “trustless authentication systems”, “distributed data/resource/information management”, and “inter-department integrated information systems” were selected as most valuable applications of blockchain for police task forces and law enforcement agencies in Iran.
Cristina Rodrigues dos Santos Ramos, Maciel M. Queiroz
Purpose This paper aims to investigate the influence of trust on adopting and implementing blockchain technology in higher education institutions (HEIs) in Brazil. Design/methodology/approach This study uses an exploratory qualitative approach to understand the construct of trust in the context of the educational sector. Data were collected through semistructured questionnaires and online interviews. Findings The research identified that, for most potential blockchain users, trust positively influences the HEIs, because benefits such as secure data sharing and transaction transparency could optimize the daily routine and avoid fraud in academic documents, providing a cooperative and reliable working environment. In addition, the results suggest that trust is needed to overcome challenges related to issues such as costs and privacy. Research limitations/implications This study contributes to the advances in the emerging literature on blockchain in the educational sector as a system with the potential to generate trust, as well as the literature on the technology acceptance models. Practical implications For HEI managers and practitioners, this study highlights the need for a greater understanding of the influence of trust in the relationships between HEIs and other stakeholders. Social implications This work shows that adopting blockchain technologies would allow users to build social relationships of trust in a cooperative work environment and develop trusted behavior by sharing data securely and transparently. Originality/value To the best of the authors’ knowledge, this is one of the first studies on the adoption and implementation of blockchain in the education sector in Brazil.
Milad Dehghani, Ryan William Kennedy, Atefeh Mashatan, Alexandra Rese · 5 authors
This study examines the factors influencing blockchain’s adoption intention as a whole, relying on an organisational perspective and the Technology-Organisation-Environment Framework (TOE). To organise and investigate the factors and to study blockchain technology adoption intention, this research employs a mixed-methodology. After an extended literature review, first, a qualitative approach is used to discover the factors from primary data collected from 25 interviews. Second, a quantitative survey is employed directly relating the factors to blockchain adoption intention and empirically testing them with 146 employees from 71 North American organisations. A total of 15 factors are discovered, seven are tested, and six are significant. In particular, the technology factors perceived interoperability and perceived data quality have a positive impact upon blockchain adoption intention, while the effect is negative for perceived technological volatility, regulatory uncertainty, standardisation uncertainty and the perceived lack of technological knowledge.
The concept of fashion has been coupled with technology, where technology has become the protagonist. The transparency between an organization and a customer works as a catalyst, and the customer has taken a more mainstream role. With blockchain technology, companies can reconnect with customers and customers can track the journey of a product from its raw materials to the finished goods. The primary focus of the study is on services and data collected from the following sectors, namely fashion, apparel, and online platforms. The author's main goals are (1) to illustrate an overview of how big data is transforming the service industry, especially the fashion and design sector, and (2) to present various mechanisms adopted in the service industry. The study aims to investigate a model that fits through EXT-TAM and uses additional attributes of blockchain technology with a special reference to fashion apparel. The findings of this study depict a model, where PEOU, PU, and attitude are the major constructs and present a win-win scenario for both the customer and the organization.
This research aims to determine the role of the leadership and potential benefits that blockchain adoption may bring to SME financing in the Kingdom, as well as the foreseeable challenges that may hinder small businesses from benefiting from the adoption of blockchain. It is interesting aspect to see how leadership manages to adopt new changes amid several challenges and threats. This article also outlines policy and regulatory trends that SMEs can save operating costs and improve efficiency, thereby increasing transparency and easier access to funds. Digital technology and creative business models have the potential to help narrow the financing gap for SMEs. E-commerce and the sharing economy provide SMEs with more market access and new business models, as well as the data-driven business prospects generated through data sharing under the framework of open banking. This study provides recommendation that there is a dire need to pay attention on the complete mechanism of the SME's in order to support them as well as promote them to show their distinction in the contribution of social and economic development. This study provides implications for the financial institutions, government agencies and society to come forward equally for the common interest.
Matteo Cristofaro, Pier Luigi Giardino, Sanjay Misra, Quốc Trung Phạm · 5 authors
Purpose This paper claims to identify the behavioral and cultural features that push to use, or not, cryptocurrencies for electronic commerce. Indeed, despite the use of cryptocurrencies for electronic commerce spreading worldwide at a fast and growing pace, there are supporters and detractors among their users. The analysis of what distinguish these two groups of users is fundamental for understanding their different intention to use cryptocurrencies for electronic commerce. Design/methodology/approach A survey has been administered to 2,532 cryptocurrencies’ users across the USA and China, collecting data on their behavioral predispositions and cultural features. Results were then analyzed through structured equation modeling. Findings Results showed that while attitude, subjective norms, perceived behavioral control and herding behavior have a positive impact on the intention to use cryptocurrencies for electronic commerce, financial literacy has no influence. Cultural dimensions amplified or reduced the discovered relationships and caused different effects: positive for the USA and negative for China when considering illegal attitude and perceived risk. Originality/value Theory of planned behavior, financial behavior and cultural factors can, all together, represent a useful framework for envisioning the behavior of users in adopting cryptocurrencies for electronic commerce purposes through a test of all its elements. To the best of the authors’ knowledge, this is the first study considering behavior and cultural variables on the intention to use cryptocurrencies for electronic commerce as well as being the largest carried out, in terms of sample, on the cryptocurrency topic.
Blockchain is a cutting-edge technology that is transforming and reshaping many industries. Hence, the adoption of Blockchain is becoming an increasingly significant topic. The number of publications discussing the potential of Blockchain adoption has been expanding significantly. In addition, not enough attention has been given to Blockchain adoption in the software development industry. As a result, a systematic overview to investigate the research trends in this area is needed. This study uses a Scientometric analysis and critical review to examine the evolution of Blockchain adoption research on the Web of Science Principal Collection. In addition, a systematic literature review (SLR) was conducted to identify gaps in Blockchain adoption research and the top reasons for adopting Blockchain with the intention of proposing a sustainable adoption framework. This study extends the body of knowledge by discussing the most influential countries, authors, organizations, publication themes, and most cited publications on Blockchain adoption research. Additionally, this study identifies the 30 relevant studies from the Web of Science and Scopus, including their industries, countries, methods, and respondent sample size, and the top 18 adoption factors among them. Consequently, this study proposes a suitable Blockchain adoption framework based on these top 18 factors. Finally, this study’s aim and unique contribution is to serve as an initial launching point for upcoming Blockchain adoption in software development industry research.
As a method for learners to learn independently in distance education, the need for a problem recommendation learning guide that effectively reflects a learning pattern based on learner data is increasing. In this paper, based on blockchain Ethereum smart contract technology, we analyze and present problem recommendation patterns for individual learners by filtering, collecting, and transparently managing multiple learner data that can occur in a distance education environment. In this study, various weighting factors were assigned to each learning situation. The optimal problem recommendation path is presented so that learners can solve problems based on weight-based learning factors in various learning situations. For the performance evaluation of this study, a similar learning environment was set up, and learning satisfaction, usefulness of problem recommendation guides, and learner data processing speed were analyzed. As a result of the performance evaluation, it was confirmed that the learning satisfaction improved by more than 15% compared to the existing learning environment in the proposed environment. In addition, it was confirmed that the learning data processing speed was improved by more than 17%.
Michael Fröhlich, Franz Waltenberger, Ludwig Trotter, Florian Alt · 5 authors
We present a systematic literature review of cryptocurrency and blockchain research in Human-Computer Interaction (HCI) published between 2014 and 2021. We aim to provide an overview of the field, consolidate existing knowledge, and chart paths for future research. Our analysis of 99 articles identifies six major themes: (1) the role of trust, (2) understanding motivation, risk, and perception of cryptocurrencies, (3) cryptocurrency wallets, (4) engaging users with blockchain, (5) using blockchain for application-specific use cases, and (6) support tools for blockchain. We discuss the focus of the existing research body and juxtapose it to the changing landscape of emerging blockchain technologies to highlight future research avenues for HCI and interaction design. With this review, we identify key aspects where interaction design is critical for the adoption of blockchain systems. Doing so, we provide a starting point for new scholars and designers and help them position future contributions.
Mohammed Alshamsi, Mostafa Al‐Emran, Khaled Shaalan
Blockchain technologies have received considerable attention from academia and industry due to their distinctive characteristics, such as data integrity, security, decentralization, and reliability. However, their adoption rate is still scarce, which is one of the primary reasons behind conducting studies related to users’ satisfaction and adoption. Determining what impacts the use and adoption of Blockchain technologies can efficiently address their adoption challenges. Hence, this systematic review aimed to review studies published on Blockchain technologies to offer a thorough understanding of what impacts their adoption and discuss the main challenges and opportunities across various sectors. From 902 studies collected, 30 empirical studies met the eligibility criteria and were thoroughly analyzed. The results confirmed that the technology acceptance model (TAM) and technology–organization–environment (TOE) were the most common models for studying Blockchain adoption. Apart from the core variables of these two models, the results indicated that trust, perceived cost, social influence, and facilitating conditions were the significant determinants influencing several Blockchain applications. The results also revealed that supply chain management is the main domain in which Blockchain applications were adopted. Further, the results indicated inadequate exposure to studying the actual use of Blockchain technologies and their continued use. It is also essential to report that existing studies have examined the adoption of Blockchain technologies from the lens of the organizational level, with little attention paid to the individual level. This review is believed to improve our understanding by revealing the full potential of Blockchain adoption and opening the door for further research opportunities.
Purpose Large attention surrounds identifying the meaningful blockchain business model on financial services, while a little focus about non-financial organizations and solutions in terms of how the blockchain business model can affect the organization and bring more value. To address the complex structure of businesses that have public goods, it is important to develop sustainable blockchain-based business models. Design/methodology/approach This study offers the first qualitative research that uses an integrated technological, environmental and organizational (TOE) framework with technology acceptance theory (TAM) to study the adoption of blockchain technology by Spanish firms. Findings The results of the paper discuss how that competitive pressure, competence, top management support and relative advantage have a positive impact on intention to adopt blockchain technology while complexity affects the intention to adopt the technology negatively. Contrary to many adoption studies, the findings show that intention to adopt negatively impacts adoption and outline the effect of blockchain on business model elements on the macroeconomic level. Originality/value The key contribution of this study lies in providing a comprehensive understanding of the environmental, technological and organizational factors that impact the intention to adopt blockchain that eventually affects adoption.
Distributed Ledger Technology (DLT) is transforming the financial industry and leading to a rise in the modern banking system. Like in developed nations, disruptive technology is necessary to advance the traditional banking system in emerging economies. The present study aims to investigate the critical factors that influence a user's intention to accept blockchain technology for financial institutions. The proposed model is based on Technology Acceptance Model (TAM) constructs with trust and cost-saving, tested using structural equation modelling. Findings from an online survey of 188 practitioners working in Malaysia's financial sector confirm that all constructs except trust on perceived usefulness were found to have a significant impact during the blockchain implementation. Moreover, cost-saving matters most during the disruptive technology adoption for financial institutions. Based on the findings, the subsequent theoretical and practical implications are assessed, albeit with notable limitations.
Anokye Acheampong Amponsah, Adebayo Felix Adekoya, Benjamin Asubam Weyori
Since Bitcoin's success, there has been a greater emphasis on researching the use of blockchain in a wide range of applications, such as agriculture, education, government, voting systems, etc. This generation of Blockchain applications is termed blockchain 3.0. Blockchain technology provides enhanced security, auditability, privacy, accountability, and many more features over a centralized system. Fraud in insurance is an international problem affecting all insurance subdomains in both developed and developing countries. Fraud, corruption, and many other data-related problems are threatening the financial security of the National Health Insurance Scheme (NHIS) in Ghana and if not attended to, the core aims of the scheme to provide universal healthcare services will not be realized. Consequently, the objective of this work is to design and implement a blockchain-based solution to protect the NHIS from plummeting financially. This paper presents the conceptual view of the proposed system, sequence and use case diagrams, data management framework, smart notification system, and smart claim processing system. The system was evaluated using the DeLone & McLean Information Systems Success Model. It was used to validate the behavioural aspect of the system. The study discovered a significant influence of information quality and user satisfaction. On the contrary, system quality seems to have an almost significant influence on the use and user satisfaction of the proposed system.
BACKGROUND: Blockchain technology has the potential to revolutionize information sharing in companies. Many studies suggest using blockchain-powered platforms to replace existing mechanisms for health information exchange (HIE) across healthcare organizations. However, very few blockchain-based projects have been implemented in the healthcare sector. This study takes a qualitative approach to explore benefits, concerns, and barriers to the rollout of blockchain in HIE projects from physicians' perspectives. METHODS: The Promoting Action on Research Implementation in Health Services (PARIHS) framework was used to help us better understand root causes, existing problems, perceived risks, perceived benefits, and suggestions. In-depth interviews have been conducted with 38 physicians in six months. The data were analyzed and coded using NVIVO to classify conceptually similar themes mentioned by the interviewees. RESULTS: In total, seven themes have been identified. The key benefits are categorized into three themes: innovative technological features, collaborative ecosystem, and system performance. The main concerns and risks are categorized into four themes: individual, organizational, technological, and market-related issues. The findings can contribute to knowledge by highlighting key values expected from blockchain technology in HIEs. The results also explore obstacles to leveraging the blockchain in healthcare from the perspectives of an important stakeholder (physicians). CONCLUSIONS: The results show that although blockchain technology may create several benefits (e.g., innovative technological features, collaborative ecosystem, and system performance), its applications in healthcare are still in their early stages. The perceptions of the individual issues (e.g., lack of knowledge), organizational issues (e.g., implementation issues), technological issues (e.g., blockchain model types), and market-related issues (e.g., regulatory concerns) indicate that blockchain-based applications in healthcare continue to be an emerging field. This study has practical implications as understanding these concerns can help developers and healthcare managers identify potential issues in the planning, developing, and implementing blockchain-based HIE systems. Addressing these barriers would support the widespread use of blockchain-based HIEs in different healthcare settings and facilitate interoperability and connectivity in regional and community health information networks.
Promise I. Ebizie, Anayo D. Nkamnebe, Obinna C. Ojiaku
Electronic transactions in the financial sector have continued to surge unprecedentedly around the globe. Governments, politicians, and practitioners around the world have been paying close attention to cryptocurrencies in recent years. Cryptocurrencies, a cutting-edge method of exchanging value without the need for a physical medium, offer a number of potential advantages, including quick transactions, cross-border use, low transaction fees, transparency, high security, anonymity, and privacy. As a result, they are anticipated to bring about a significant revolution in the way money is exchanged in the future. In order to forecast adoption of cryptocurrency among Nigerian University FinTech Entrepreneurs, this study will use the Unified Theory of Acceptance and Use of Technology (UTAUT) paradigm. The population of study was drawn from three major universities in Anambra state. Sample sizes of 323 students were used, out of which 313 questionnaires were correctly filled and returned and were used for the analysis. The findings of the study shows that performance expectancy, effort expectancy and facilitating conditions have a positive relationship with cryptocurrency adoption while there was no relationship established with social influence. This study adds to the expanding body of literature on cryptocurrencies and provides beneficial knowledge to fund managers (investors), enterprises, and individual users (payees) (receiving cryptocurrency as a payment method).
With the advent of Industry 4.0, Blockchain is attracting Supply Chain (SC) practitioners and researchers thanks to its decentralized and trustworthy data governance features. As Blockchain adoption in SC is nascent, this article provides a Systematic Literature Review of the critical success factors for this phenomenon to help organizations meet its challenges. 56 selected articles were first thematically analyzed with NVivo to identify and conceptually categorize the factors. Then, we performed a social network analysis under VOSviewer to understand the research trends in our topic and explain the implicit ties between the identified factors. Finally, we inferred further theoretical implications of the analyzed literature in light of the ‘Technology, Organization, Environment’ framework. Hence, this study contributes to academic and practical knowledge by explaining the natures of the interdependent factors for Blockchain adoption in SC and of their potential links. We also propose opportunities for future research to extend our findings.
<strong>Purpose: </strong><em>The current study investigates the behavioral intention to use cryptocurrencies. The study's major goal is to prioritize the key motivations behind it mainly Investment in cryptocurrency and to learn the investors behavioral intentions.</em> <strong>Design/Methodology: </strong><em>This study examines whether different factors determine the investors towards cryptocurrency usage like Ease of use, Social Impact, Convenience, Trust, Price volatility, Individual believes, Privacy, Risk and Decision making.</em> <strong>Findings: </strong><em>This research's findings</em> <em>are intended to provide useful information on behavioral intentions of cryptocurrency users and merchants will be able to construct a viable business strategy to stay competitive.</em> <strong>Originality: </strong><em>A literature review is conducted to examine the cryptocurrency usage behavior of Investors. The goal is to review the existing cryptocurrency behavior & try classifying and provide an exhaustive analysis of the determinants influencing the cryptocurrency behavioral intention of its users. Academic references, as well as essential facts and data taken from websites, scholarly articles were used in the study.</em> <strong>Paper Type: </strong><em>Review Paper</em>
Nusi Drljevic, Daniel Arias Aranda, Vladimir Stantchev
Blockchain technology has the potential to drive innovations across various industries, businesses, and use cases. It is broadly recognized that innovation is a vital source of competitive advantage in a rapidly changing environment. High expectations surround blockchain’s potential for contributing to sustainable economic and social development. However, current blockchain projects still show high failure rates. The associated side effects of such failure rates generate a negative impact on economic and social sustainability performances such as corporate governance, risk management, finance management, human resources and culture management, and competitiveness. This paper assesses adoption models and their risk and success factors. Building on a novel, integrated adoption model to operationalize, measure and manage blockchain-driven business innovation in a sustainable way, we assessed its applicability with an empirical study across 20 industry sectors and 125 business leaders. The results reveal that the developed adoption model holds the potential to support the sustainable usage of blockchain technology for business innovations, not limited to a specific industry or use case. Further case studies and industry activities can be carried out to continue its validation in future works.
Purpose: The fourth industrial revolution (4IR) enables firms to leverage various emerging technologies to reduce operating costs, improve business efficiencies and gain competitive advantage. This article uncovers the determinants influencing emerging technology adoption, particularly artificial intelligence (AI), cloud computing and distributed ledger technologies (DLT), in South African (SA) financial services firms.Design/methodology/approach: Seventeen technology experts from the SA banking, insurance, financial technology and financial regulation and compliance sectors were interviewed. A semi-structured interview was used to conduct one-on-one interviews, followed by a focus group interview. Qualitative data were analysed using a thematic network analysis.Findings/results: The results revealed that the determinants – adopter traits, technology usability, industry characteristics, organisational leadership and organisational characteristics – were influential towards technology adoption. It is suggested that the new model could be strengthened further by incorporating a new construct, leadership diversity, which had not been previously proposed in the literature.Practical implications: By understanding the influential adoption determinants, leaders can take bold, calculated risks in adopting AI, cloud computing and DLT. However, the importance, prior to adopting these technologies, of clearly understanding the need for them, and their business benefits is also emphasised.Originality/value: Research on the adoption of AI, cloud computing and DLT in the SA financial sector is limited. This article leverages the models of the diffusion of innovations (DOI), the technology–organisation–environment (TOE) and the technology readiness index (TRI) to propose a new model that illustrates technology adoption in the SA financial sector at individual and firm levels.
Purpose Considering the growing interests in managerial and accounting issues related to blockchain technology (BT), the study aims at identifying the main research venues in this specific field. In particular, the purpose is to understand the spatial and temporal production and distribution of research documents, highlighting the most relevant topics, the most influential authors and research. Design/methodology/approach This research carries out a bibliometric analysis of 189 research documents in the business, management and accounting areas. Data collection and refining is carried out from the Scopus database. The data analysis is based on a hybrid literature review approach using a descriptive bibliometric method, data analysis visualization (through VOSViewer software) and thematic analysis. Findings Results indicate that research studies focused on BT and accounting have been growing exponentially over the last three years, with authors who previously focused on generalist themes, and are now facing more specific issues. Through cluster analysis, the authors propose the framework of accounting domain and blockchain technology (ADOB) to systematize and visualize the map of current studies about the BT in the accounting domain. Research limitations/implications The analysis highlights some aspects less investigated at the first research stage in the field of BT and accounting, such as the growing need of new accounting and control processes to address the practical issues of BT implementation and the need for education and training to stimulate a proper use of BT by accountants and practitioners. Originality/value This study is the first to adopt a bibliometric and thematic analysis to investigate BT in the accounting domain. The authors provide significant insights that could guide and foster the use of BT for accountants and practitioners, defining future research lines and a research agenda for academic researchers.
Saher Zeast Hasan, Huma Ayub, Abida Ellahi, Mahnoor Saleem
The goal of this study is to find out what people think about cryptocurrencies and how they feel about it. The study used a questionnaire to assess the factors that influence people’s willingness to accept cryptocurrency. The study used a pretest, posttest quantitative analysis to determine the level of awareness among users in the first phase. In the second step, information regarding the conceptual framework was gathered using a survey approach. For the study, 350 university students were chosen as the sample size. Hypotheses about the significant effects of perceived benefits, perceived risks, perceived value, and structural provisions on behavioral intention to adopt cryptocurrency were accepted, while hypotheses about social effects, moderating effect of self-efficacy and personal innovativeness as well as the mediator attitudes towards using cryptocurrency, were not statistically proven. The tested model and resultant findings have brought many managerial and theoretical implications for enhancing the intention to adopt cryptocurrency.
Cryptocurrency could redefine the interplay of Internet-connected world markets by eliminating constraints set by traditional local currencies and exchange rates. It has the potential to revolutionise digital markets through the use of duty-free trading. This study investigates the factors which influence the behavioural intention to use cryptocurrency based on the Technology Acceptance Model 3 (TAM 3) during the COVID-19 (SARS-COV-2) pandemic. Data were collected through a cross-sectional questionnaire from 357 Pakistani business-educated adults, including investors who had a rudimentary understanding of the technology and financial instruments. Partial least square (PLS)-based structural equation modeling (SEM) was used to test the developed theoretical framework based on the Technology acceptance model 3. The PLS model has explained 72.1% of what constitutes the behavioural intention to use cryptocurrency. Surprisingly, risk was not a major consideration. This might be due to the fact that the majority of respondents thought working with cryptocurrency was hazardous. Willingness to handle cryptocurrency risk, on the other hand, might be a stumbling block to acceptance. The most essential aspect of a cryptocurrency's success was the perceived usefulness. Moreover, the moderating role of experience was not substantiated in this study. However, perceived usefulness was identified as a partial mediator of subjective norm and the perceived ease to use. This study contributed to the literature through the application of TAM 3 (an extension of the technology acceptance models) to investigate the fundamental qualities a cryptocurrency should have in order to influence investor's behavioural intention to use it. These findings provide revolutionary insights for the present and future market players for investment planning and for improved cryptocurrencies development.