Among the factors influencing people’s intention to use cryptocurrencies, the facilitating conditions, effort expectancy, and performance expectancy are significant. This article examines these factors and the effects of cryptocurrency on each. It concludes that several variables influence cryptocurrency use. In addition, it is necessary to identify them to predict the use of cryptocurrency by people. We will also examine the role of perceived efficacy, performance expectancy, effort expectancy, and Technostress. If you’re new to bitcoin trading, learn how to keep your cryptocurrency safe from hackers.
The growing use of cryptocurrency is a source of Technostress. The technostress’ effect is the stress that accompanies the transition from a conventional workplace to a digital one. Technostress is a condition that makes it difficult for staff to adapt to new technology. Researchers have identified the five most common forms of Technostress and discussed the factors that influence their usage.
The best way to prevent Technostress is to set boundaries for your team. Ensure that managers know their employees’ limits and are willing to pivot when necessary. For example, if they can’t get to know their colleagues’ personal preferences. And don’t expect them to join a company’s Facebook page or use the Microsoft Teams channels. If you ignore this, you will surely face the consequences of Technostress.
Employees’ level of Technostress depends on their relationship with their manager. A culture of open communication has been linked to a lower level of Technostress. Suppose managers can build a relationship with their team members. And inform them of any planned changes in ICT.
In that case, their employees are less likely to be overtaxed and experience technological burnout. They should also respect the boundaries between their private and professional lives and contact them only during their working hours.
Organisations must prioritize employee representation in decision-making. They should ensure that employees feel valued and supported. Organizations should also ensure that managers regularly check on staff engagement levels and schedule regular catch ups with their staff.
Preventing Technostress is more important than having a ‘throwaway technology policy.’ So, what can organizations do? The first step is to assess their current situation. Then, they can determine if their team is vulnerable to Technostress.
In the current study, we find that the perceived efficacy of cryptocurrency technology positively impacts the behavioural intention of participants to adopt this form of currency. Statistical values support this finding.
These researchers also suggest that personal innovativeness and self-efficacy may influence participants’ behavioural intention to adopt cryptocurrency. However, these findings are not statistically significant. Nonetheless, they do have managerial and theoretical implications.
To assess the effects of perceived benefits on behavioural intentions to adopt cryptocurrency, first look at the UTAUT utility theory conceptual model. This conceptual model presents a holistic view of cryptocurrency constructs, including facilitating conditions, social effects, perceived risks, and benefits. It also provides insights into user intentions and attitudes toward cryptocurrency. The findings support the previous hypothesis that perceived benefits increase users’ behavioural intention to adopt cryptocurrency.
The central features of cryptocurrency, including its decentralised operation and a high degree of anonymity, are problematic for public safety. Consequently, they must be addressed so that it is not misused for criminal activity. Fortunately, this technology is not the sole culprit of the alleged drug epidemic. Much national security and criminal threats have emerged due to cryptocurrency. It has already been used to purchase lethal drugs on the dark web.
The study aims to understand whether cryptocurrency is beneficial to people’s lives and what factors influence their adoption. It uses a survey method and questionnaire to measure cryptocurrency awareness and how much awareness people have. It will provide insights on whether cryptocurrency is relevant for people in the chosen country. After that, it may provide insights for practitioners and researchers looking to adopt cryptocurrency technology.
Several variables influence cryptocurrency use, including age, occupation, and financial status. However, the most important factor is likely to be the individual’s interest in and understanding of digital currencies. As their popularity continues to grow, it will be important for businesses and policymakers to understand the factors driving this behaviour to create policies that support rather than hinder cryptocurrency adoption.