Perception as a Driver of Adoption: Exploring Digital Currency Acceptance

Abstract

We live in an era of a rapid digital transformation where we can see a shift from traditional to digital that has triggered critical concerns regarding the variables influencing the adoption of digital currency. This study explores how perception affects the adoption of digital currencies, by using structural equation modelling (SEM) analysis and a global survey, the research finds that perceived ease of use, perceived utility, trust, social and motivation are the main factors influencing the acceptance of digital currencies, whereas financial expertise is less important. By using structural equation modeling (SEM) and data gathered from a worldwide survey, the results show that adoption behavior is greatly influenced by perception-based variables. On the other hand, the impact of financial knowledge on user acceptability is immaterial.