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Updated: Jan 26, 2026

A Rapid Method for Modeling a Variable Cycle Engine
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Variables Influencing Cryptocurrency Use: A Technology Acceptance Model in Spain.

Mario Arias-Oliva1, Jorge Pelegrín-Borondo2, Gustavo Matías-Clavero3

  • 1Department of Business Management, Rovira i Virgili University, Tarragona, Spain.

Frontiers in Psychology
|April 6, 2019
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Performance expectancy is key for cryptocurrency adoption. This study found that perceived risk did not significantly impact adoption intention, possibly due to uniform high-risk perception among users.

Keywords:
ICObitcoinblockchaincryptocurrenciesfintechinitial coin offering

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Area of Science:

  • Fintech and Digital Currencies
  • Consumer Behavior and Technology Adoption

Background:

  • Cryptocurrencies represent a significant fintech innovation, transforming transactions like the internet transformed communication.
  • Over 2,000 cryptocurrencies exist, with new ones emerging for diverse uses, presenting both opportunities and challenges.

Purpose of the Study:

  • To analyze key factors influencing cryptocurrency development from a consumer behavior standpoint.
  • To test a technology acceptance model explaining user intention to adopt cryptocurrencies.

Main Methods:

  • Utilized a technology acceptance theoretical framework.
  • Conducted research in Spain with college-educated adults possessing basic internet knowledge.

Main Results:

  • The developed model explained approximately 85% of the intention to use cryptocurrencies.
  • Performance expectancy was identified as the most crucial factor for cryptocurrency success.
  • Perceived risk was surprisingly not a significant factor, potentially due to uniformly high-risk perceptions.

Conclusions:

  • Willingness to manage cryptocurrency risk may be a prerequisite for adoption.
  • Focusing on performance expectancy is vital for successful cryptocurrency development and market penetration.