Analyzing and improving user experience in cryptocurrency applications

This paper aims to analyze and improve user experience (UX) in cryptocurrency applications. The study takes an interdisciplinary approach combining UX design principles, behavioral economics, and fintech innovation. Key UX challenges are identified, including cognitive complexity, security concerns, limited integration with traditional finance, and the impact of volatility. Innovative solutions are proposed with a focus on intuitive interfaces, educational elements and hybrid financial instruments. As an example, a cryptocurrency card with a line of credit function was presented. Quantitative results show a significant improvement in usability metrics: SUS scores improved, user retention rates increased, and key transaction times decreased. The study concludes that improving UX is critical for cryptocurrency adoption and integration into the global financial system. Future research directions include longitudinal studies on the impact of UX, developing standardized metrics, and exploring cultural factors of cryptocurrency interface perception.

Authors

Publication Details

Journal
Scientific Research Journal
Published
2024-08-25
DOI
https://doi.org/10.31364/scirj/v12.i08.2024.p0824993
Primary Topic
Image and Video Quality Assessment
Type
article
Field-Weighted Citation Impact
0.00
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article

Analyzing and improving user experience in cryptocurrency applications

Alona Dobshynska
Scientific Research Journal
Image and Video Quality Assessment
article

Analyzing and improving user experience in cryptocurrency applications

Alona Dobshynska
article en

Abstract

This paper aims to analyze and improve user experience (UX) in cryptocurrency applications. The study takes an interdisciplinary approach combining UX design principles, behavioral economics, and fintech innovation. Key UX challenges are identified, including cognitive complexity, security concerns, limited integration with traditional finance, and the impact of volatility. Innovative solutions are proposed with a focus on intuitive interfaces, educational elements and hybrid financial instruments. As an example, a cryptocurrency card with a line of credit function was presented. Quantitative results show a significant improvement in usability metrics: SUS scores improved, user retention rates increased, and key transaction times decreased. The study concludes that improving UX is critical for cryptocurrency adoption and integration into the global financial system. Future research directions include longitudinal studies on the impact of UX, developing standardized metrics, and exploring cultural factors of cryptocurrency interface perception.

Scientific Research JournalVol. 12(8)
Openalex Percentile: Top 73%
Image and Video Quality Assessment
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