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    Factors Influencing the Behavioural Intention to Use Cryptocurrency in Emerging Economies During the COVID-19 Pandemic: Based on Technology Acceptance Model 3, Perceived Risk, and Financial Literacy
    (2022-02-09)
    Jariyapan, Prapatchon
    ;
    Mattayaphutron, Suchira
    ;
    Gillani, Syeda Noorzahrah
    ;
    Shafique, Owais
    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.
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    The novel secure testament methodology for cryptocurrency wallet using mnemonic seed
    (2020-07-03)
    Janpitak, Nanta
    ;
    Lilakiatsakun, Woraphon
    ;
    Sathitwiriyawong, Chanboon
    Recently, cryptocurrencies such as Bitcoin, Ethereum, etc, have rapidly been recognized as an asset, often called a digital asset. Comparing to the real assets, it would be handled carefully due to its own characteristics that are completely different. The disadvantage of such digital assets, on the one hand, is that whoever knows the private key of the wallet, they can easily take over that digital asset. On the other hand, if the wallet’s owners are dead without passing credential information to others, that asset will be lost forever. We thus propose the novel secure testament methodology for a digital asset such as Bitcoin to solve the mentioned problems. The mechanism is based on managing the mnemonic seed of the wallet so that an inheritor will obtain the mnemonic seed in a secure way. Two mechanisms of the proposed methodology are implemented. The first is to save the mnemonic seed in a secure repository. Therefore, no one can access to the cryptocurrency wallet while the owner still being alive and does not wish anybody to access. The second is to deliver the mnemonic seed securely to legitimate inheritor when the owner is suspected to be dead or disappeared. Finally, based on our experiment, the results show that the aforementioned problems can be solved. Furthermore, the proposed mechanism can help the owner of the asset to managing the confidentiality of their assets.