Determinants to Adopt Cryptocurrency by University Students in Pakistan
DOI:
https://doi.org/10.63516/Keywords:
Intention to adopt Cryptocurrency , Financial technology adoption, Knowledge about legal issues , Knowledge of the function , Mobile money servicesAbstract
This study aims to investigate the intentions of Pakistani university students to adopt cryptocurrencies. The goal is to identify the variables influencing students' behavioural intention to adopt cryptocurrency. This study is used the variables of financial technology, knowledge about the legal issue of Cryptocurrency, Knowledge of the function of cryptocurrencies, and the impact of Prior use of Mobile money services on the intention to adopt cryptocurrencies. The sample for this study consisted of students enrolled in universities in Karachi, Pakistan. A five-point Likert scale has been used in a structured questionnaire to gather data from 198 respondents. A Google form was used to disseminate the questionnaires, which were then analyzed using SPSS software. Individuals' adoption of cryptocurrencies has been analyzed through the lens of the technological acceptance model. The findings demonstrate that financial technology and knowledge of the functions of cryptocurrency have a large and significant impact on adopting cryptocurrencies. However, understanding the legal issues surrounding cryptocurrencies and having previously used mobile money services had no significant impact on the decision to adopt cryptocurrencies.
This study contributes to understanding how Pakistani university postgraduate students and undergraduates plan to use cryptocurrencies. Furthermore, the contribution of this study is to increase understanding of online payments in Pakistan, opening the door for future cryptocurrency use.
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