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Predicting the Intention to Use Bitcoin: An Extension of Technology Acceptance Model (TAM) with Perceived Risk Theory

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Recent Innovations in Artificial Intelligence and Smart Applications

Part of the book series: Studies in Computational Intelligence ((SCI,volume 1061))

Abstract

Bitcoin, the world’s first completely decentralized digital currency, gradually attracts the interest of a large number of people all over the world. The study proposed an integrated research framework to discover the antecedents of behavioral intention to use cryptocurrencies, specifically Bitcoin, by extending the technology acceptance model (TAM) with perceived risk theory (PRT). Structural equation modeling approach using SmartPLS was employed to confirm validity of the instruments and test the hypothesized relationships based on data collected from a sample of 397 individuals, who are randomly selected among the people in the United States. The results indicated that perceived risk negatively predicted the behavioral intention to use Bitcoin. Whereas, social influence, perceived usefulness, perceived ease of use, and attitude positively predicted the behavioral intention. Implications of the findings and recommendations for further studies were discussed.

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Author information

Authors and Affiliations

  1. Department of Industrial Engineering, Faculty of Management, Istanbul Technical University, Istanbul, Turkey

    Gulsah Hancerliogullari Koksalmis

  2. Department of Software Engineering, Faculty of Engineering and Natural Sciences, Bandirma Onyedi Eylul University, Balikesir, Turkey

    İbrahim Arpacı

  3. Hezarfen Aeronautics and Space Technologies Institute, National Defense University, İstanbul, Turkey

    Emrah Koksalmis

Authors
  1. Gulsah Hancerliogullari Koksalmis
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  2. İbrahim Arpacı
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  3. Emrah Koksalmis
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Corresponding author

Correspondence to Gulsah Hancerliogullari Koksalmis .

Editor information

Editors and Affiliations

  1. Faculty of Engineering & IT, The British University in Dubai, Dubai, United Arab Emirates

    Mostafa Al-Emran

  2. Faculty of Engineering & IT, The British University in Dubai, Dubai, United Arab Emirates

    Khaled Shaalan

Appendix: Constructs and Items

Appendix: Constructs and Items

Construct

Item code

References

Item

Attitude toward use

ATU01

[59]

“Using the Bitcoin is a good idea”

ATU02

“The Bitcoin makes work more interesting”

ATU03

“Working with the Bitcoin is fun”

Behavioral intention to use

BIU01

[59]

“I intend to use the Bitcoin in the next <n> months”

BIU02

“I predict I would use the Bitcoin in the next <n> months”

BIU03

“I plan to use the Bitcoin in the next <n> months”

Perceived risk

PER01

[16, 36]

“Using the Bitcoin may expose me to fraud or monetary loss”

PER02

“Using the Bitcoin my jeopardise my privacy”

PER03

Using the Bitcoin may expose me to legal problem”

Perceived ease of use

PEOU01

[21, 29, 59]

“Learning to operate the Bitcoin would be easy for me”

PEOU02

“I would find it easy to get the Bitcoin to do what I want it to do”

PEOU03

“My interaction with the Bitcoin would be clear and understandable”

PEOU04

“I would find the Bitcoin to be flexible to interact with”

PEOU05

“It would be easy for me to become skillful at using the Bitcoin”

PEOU06

“I would find the Bitcoin easy to use.”

Perceived usefulness

PU01

[21, 29, 59]

“Using the Bitcoin would improve my productivity”

PU02

“Using the Bitcoin would increase my efficiency in transaction”

PU03

“Using the Bitcoin would make my transaction easier”

PU04

“Using the Bitcoin would make my transaction quicker”

Social influence

SI01

[59, 60]

“People who influence my behavior think that I should use the Bitcoin”

SI02

“People who are important to me think that I should use the Bitcoin”

SI03

“I use the Bitcoin because of the proportion of coworkers who use the Bitcoin”

SI04

“People in my organization who use the Bitcoin have more prestige than those who do not”

SI05

“People in my organization who use the Bitcoin have a high profile”

Trust

T01

[36]

“The Bitcoin is trustworthy”

T02

“The Bitcoin is one that keeps promises and commitments”

T03

“I trust the Bitcoin because it keeps my best interests in mind”

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Koksalmis, G.H., Arpacı, İ., Koksalmis, E. (2022). Predicting the Intention to Use Bitcoin: An Extension of Technology Acceptance Model (TAM) with Perceived Risk Theory. In: Al-Emran, M., Shaalan, K. (eds) Recent Innovations in Artificial Intelligence and Smart Applications. Studies in Computational Intelligence, vol 1061. Springer, Cham. https://doi.org/10.1007/978-3-031-14748-7_6

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