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Title: Factors affecting the adoption of cryptocurrencies for financial transactions
Authors: El Chaarani, Hani
EL Abiad, Zouhour
El Nemar, Sam
Sakka, Georgia
Affiliations: Department of Business Administration 
Keywords: Bitcoin
Customer behavior
Financial literacy
Social influence
Issue Date: 2024-03-14
Publisher: Emerald
Part of: EuroMed Journal of Business
Volume: 19
Issue: 46
Start page: 61
Purpose: This study contributes to examining the factors that drive the adoption of cryptocurrencies for financial transactions in the tourism and hospitality industries. This is crucial to develop tourism and hospitality and stimulate financial inclusion in developing and developed countries. Design/methodology/approach: This research paper employs the SEM model and bootstrapping method on a sample of 417 French participants involved in tourism and hospitality industries to reveal the causal pathway between a set of independent factors and the willingness to adopt cryptocurrencies for financial transactions. Findings: The empirical findings reveal that ease of use, perceived usefulness, social influence, and financial literacy increase the willingness to use cryptocurrencies. French hotels need to have a strategic orientation, to deal with customers, competitors and changing technological environment. The study also reveals that social influence and financial literacy reduce the level of perceived financial risk and thus, leads to increase the intention to adopt the new type of decentralized currencies. Originality/value: In contrast to previous studies that focused on the volatility and risk of cryptocurrencies, this research employs a human-centric approach covering different factors that could lead to the adoption of the new type of currency for financial transactions in tourism and hospitality industries.
ISSN: 14502194
DOI: 10.1108/EMJB-04-2023-0121
Ezproxy URL: Link to full text
Type: Journal Article
Appears in Collections:Department of Business Administration

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