Research
Factors Influencing Adoption of Cryptocurrency-Based Transaction from an Islamic Perspective
This paper presents a user study of Γ’β¬Εperception of the cryptocurrency-based transaction from the Islamic viewsΓ’β¬Β. The motivation lies with the fact that some users of cryptocurrency-based transaction raised concern on the nature of transactions with Bitcoin. Specifically, some argued that Bitcoin can be easily used for illegal purposes. Therefore, Γ’β¬ΕTechnological Acceptance ModelΓ’β¬Β was adopted and quantitative research methodology was utilized, to formulate and test some hypothesis that will lead to an establishment of a model. Sample of 306 participants was used in the study. The result of the hypothesis testing indicates that Γ’β¬ΕBehavioral Intention to Use Cryptocurrency from the Islamic perspectiveΓ’β¬Β is influenced directly by ShariΓ’β¬β’ah Compliance, Perceived Ease of Use, Emotionality, Perceived Usefulness, and Financial Concern. As evident from the analysis, Emotionality is influenced directly by Financial concern and ShariΓ’β¬β’ah Compliance. Whereas, Behavioral Intention is influenced indirectly by Financial Concern. The sample is general and does not specify a specific group of study. This study has contributed to understanding the Islamic issues behind the implementation of Cryptocurrency. This study adopted.
