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Understanding consumer adoption of cryptocurrencies

Mini Dissertation (MBA)--University of Pretoria, 2017.

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Other Authors: Penfold, Craig
Format: Thesis
Language:English
Published: University of Pretoria 2018
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access_status_str Open Access
author2 Penfold, Craig
author_browse Penfold, Craig
author_facet Penfold, Craig
collection Thesis
dc_rights_str_mv © 2018 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (MBA)--University of Pretoria, 2017.
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institution University of Pretoria (South Africa)
language English
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license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2018
publishDateRange 2018
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publisher University of Pretoria
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spelling oai:repository.up.ac.za:2263/64874 Understanding consumer adoption of cryptocurrencies Penfold, Craig ichelp@gibs.co.za Mahomed, Nadim UCTD Mini Dissertation (MBA)--University of Pretoria, 2017. Cryptocurrency, most notably Bitcoin, has continued to attract attention and consequently substantial investment from businesses, consumers, and the media. Understanding what drives consumer adoption of the technology, however, is not understood. This study uses the UTAUT2 technology adoption theory in order to fill this research gap. A conceptual model is built through a review of the technical aspects of cryptocurrency, an analysis of the technology as currency, and finally a review of technology adoption theory to date. UTAUT2 is found to be the most appropriate adoption theory directly dealing with consumer context. The model conceptualised is tested using multiple linear regression analyses on primary survey data. The findings indicate that facilitating conditions have the highest explanatory effect on actual usage ahead of behavioural intention to use cryptocurrency. Behavioural intention was predicted most strongly by hedonic motivation, followed by perceived trust, and social influence. Interestingly, effort expectancy and performance expectancy were found to be non-significant, contrary to much of the studies in related fields. The study also aimed to identify the primary use-case finding that investment was the primary consumer use. Due to characteristics of the sample collected, the studyÕs findings are limited to the South African context. nk2018 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2018-05-11T09:02:51Z 2018-05-11T09:02:51Z 30-03-18 2017 Mini Dissertation Mahomed, N 2017, Understanding consumer adoption of cryptocurrencies, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/64874> http://hdl.handle.net/2263/64874 en © 2018 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Understanding consumer adoption of cryptocurrencies
title Understanding consumer adoption of cryptocurrencies
title_full Understanding consumer adoption of cryptocurrencies
title_fullStr Understanding consumer adoption of cryptocurrencies
title_full_unstemmed Understanding consumer adoption of cryptocurrencies
title_short Understanding consumer adoption of cryptocurrencies
title_sort understanding consumer adoption of cryptocurrencies
topic UCTD
url http://hdl.handle.net/2263/64874