Cryptocurrency Adoption in Indonesia: Economic Drivers Behind Behavioral Intentions Using UTAUT/2

The purpose of this study is to empirically examine the influence of constructs from the modified UTAUT/2 on behavioral intention to use cryptocurrency in Indonesia. The sampling technique employed non-probability sampling through an online questionnaire on a Likert scale of 1-6 and succeeded in getting 327 respondents. The research model with 12 hypotheses was tested using PLS-SEM (variance-based SEM). The results show that performance expectancy, effort expectancy, social influence and facilitating conditions have a positive effect on behavioral intention to use cryptocurrency. However, the influence of gender and age as moderating variables is not supported by existing data.

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Publication Details

Journal
International Journal of Economics Development Research (IJEDR)
Published
2025-03-20
DOI
https://doi.org/10.37385/ijedr.v6i2.7318
Primary Topic
SMEs Development and Digital Marketing
Type
article
Field-Weighted Citation Impact
0.00
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article

Cryptocurrency Adoption in Indonesia: Economic Drivers Behind Behavioral Intentions Using UTAUT/2

Muhamad Ridwan Triantara, Rizal Edy Halim
International Journal of Economics Development Research (IJEDR)
SMEs Development and Digital Marketing
article

Cryptocurrency Adoption in Indonesia: Economic Drivers Behind Behavioral Intentions Using UTAUT/2

Muhamad Ridwan Triantara, Rizal Edy Halim
article en

Abstract

The purpose of this study is to empirically examine the influence of constructs from the modified UTAUT/2 on behavioral intention to use cryptocurrency in Indonesia. The sampling technique employed non-probability sampling through an online questionnaire on a Likert scale of 1-6 and succeeded in getting 327 respondents. The research model with 12 hypotheses was tested using PLS-SEM (variance-based SEM). The results show that performance expectancy, effort expectancy, social influence and facilitating conditions have a positive effect on behavioral intention to use cryptocurrency. However, the influence of gender and age as moderating variables is not supported by existing data.

International Journal of Economics Development Research (IJEDR)Vol. 6(2)
University of Indonesia (ID)
Openalex Percentile: Top 89%
SMEs Development and Digital Marketing
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