Assessing Determinants of Continuance Intention Toward Cryptocurrency Usage: Extending Expectation Confirmation Model With Technology Readiness

Abstract

The paradigm of currency has shifted today in which the transformation from conventional currency to digitalization is getting higher lately. Cryptocurrency is one form of digital currency today. Cryptocurrencies is developed based on blockchain technology. The existence of cryptocurrency makes it a new and popular transaction model among its users, community, industry, and government. This is crucial study to measure the level of acceptability of cryptocurrency to understand the level of users’ sustainability in the future. Through the expectation confirmation model (ECM), this study develops the integration concept between ECM and technology readiness (TR). The method employed to measure the results of the hypothesis in this study was structural equation modeling. There are nine hypotheses proposed in the present study. Of the nine tested hypotheses, it was found that there are eight accepted hypotheses which are positive and have significance, while one hypothesis was rejected. The results of this study can be used as a guide and understanding of cryptocurrencies and the continued use of cryptocurrencies.