THE INTENTION TO ADOPTING CRYPTOCURRENCY OF JAKARTA COMMUNITY
DOI:
https://doi.org/10.31933/dijms.v2i2.448Keywords:
Keywords: fintech, cryptocurrency, TPB, Covid-19Abstract
The development of information technology encourages technological growth in the financial sector, namely cryptocurrency. Cryptocurrencies created by private parties still have many shortcomings in terms of security. So it needs an important role from the competent institution. In addition, during the Covid 19 pandemic, cash was considered a medium for spreading the virus. So one of the reasons China started releasing its own digital money was under the strict control of the People's Bank of China. Indonesia is the country with the highest number of positive indications for Covid-19 in Southeast Asia, especially in Jakarta. Therefore, this study examines the planning behavior of the people of DKI Jakarta to adopt cryptocurrency as a transaction tool, using the theory of planning behavior (TPB). 207 research samples were analyzed using covariance-based SEM method with the SmartPLS 2.0 tool. The results showed that only attitudes significantly affect individual intentions to use digital money. Meanwhile, subjective norms and behavioral control do not significantly affect individual intentions to adopt cryptocurrency
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Ajzen, I., & Icek Ajzen. (2006). Constructing a theory of planned behavior questionnaire. Available at People. Umass. Edu/Aizen/Pdf/Tpb. Measurement. Pdf. http://people.umass.edu/~aizen/pdf/tpb.measurement.pdf
Akhtar, F., & Das, N. (2019). Predictors of investment intention in Indian stock markets: Extending the theory of planned behaviour. International Journal of Bank Marketing, 37(1), 97–119. https://doi.org/10.1108/IJBM-08-2017-0167
Auer, R., Cornelli, G., & Frost, J. (2020). COVID-19, cash, and the future of payments. BIS Bulletin, 3, 3. https://www.bis.org/publ/bisbull03.htm
Ayudya, A. C., & Wibowo, A. (2018). The Intention to Use E-Money using Theory of Planned Behavior and Locus of Control. Jurnal Keuangan Dan Perbankan, 22(2).
Baur, A. W., Bühler, J., Bick, M., & Bonorden, C. S. (2015). Cryptocurrencies as a Disruption? Empirical Findings on User Adoption and Future Potential of Bitcoin and Co. International Federation for Information Processing, 9373, 63–80. https://doi.org/10.1007/978-3-319-25013-7_6
Berentsen, A., & Schär, F. (2018a). A short introduction to the world of cryptocurrencies. Federal Reserve Bank of St. Louis Review, 100(1), 1–16. https://doi.org/10.20955/r.2018.1-16
Berentsen, A., & Schär, F. (2018b). The case for central bank electronic money and the non-case for central bank cryptocurrencies. Federal Reserve Bank of St. Louis Review, 100(2), 97–106. https://doi.org/10.20955/R.2018.97-106
Carney, M. (2016). Enabling the FinTech transformation?: Revolution , Restoration , or Reformation?? June, 1–11.
Chow, Y. Y., Kalid, K. S., Sugathan, S. K., & Arshad, N. I. binti. (2019). What Determines the Acceptance of Cryptocurrency in Malaysia?? An Analysis based on UTAUT2 . Twenty-Third Pasific Asia Conference on Information System.
Gunawan, F. E., & Novendra, R. (2017). An Analysis of Bitcoin Acceptance in Indonesia. ComTech: Computer, Mathematics and Engineering Applications, 8(4), 241. https://doi.org/10.21512/comtech.v8i4.3885
Harahap, B. A., Idham, P. B., M, A. C., Rakhman, R. N., Harahap, B. A., Idham, P. B., M, A. C., & Rakhman, R. N. (2017). WORKING PAPER PERKEMBANGAN FINANCIAL TECHNOLOGY TERKAIT CENTRAL BANK DIGITAL CURRENCY ( CBDC ) TERHADAP TRANSMISI KEBIJAKAN MONETER DAN MAKROEKONOMI Perkembangan Financial Technology terkait Central Bank Digital Currency ( CBDC ) terhadap Transmisi Kebija. 0–80.
IOSCO. (2017). IOSCO Research Report on Financial Technologies ( Fintech ). February.
Iskandar, D. (2019). THE USE OF THE FINANCIAL TECHNOLOGY (FINTECH) SYSTEM IS REVIEWED FROM SOCIETY PERCEPTION: ATTITUDE, INTEREST, MOTIVATION, EXPERIENCE & HOPE. Internasional Journal of Multidisciplinary Research, 5(6).
Khatimah, H., & Halim, F. (2016). The effect of attitude and its decomposed, perceived behavioral control and its decomposed and awareness on intention to use e-money mobile in Indonesia. Journal of Scientific Research and Development, 3(1), 39–50. www.jsrad.org
Masooda Bashir, Beth Strickland, and J. B. (2016). What Motivates People to Use Bitcoin? Springer International Publishing AG, 1, 347–367. https://doi.org/DOI: 10.1007/978-3-319-47874-6_25
Mazambani, L., & Mutambara, E. (2019). Predicting FinTech innovation adoption in South Africa: the case of cryptocurrency. African Journal of Economic and Management Studies, 11(1), 30–50. https://doi.org/10.1108/AJEMS-04-2019-0152
Mendoza-Tello, J. C., Mora, H., Pujol-López, F. A., & Lytras, M. D. (2018). Social Commerce as a Driver to Enhance Trust and Intention to Use Cryptocurrencies for Electronic Payments. IEEE Access, 6, 50737–50751. https://doi.org/10.1109/ACCESS.2018.2869359
PBI. (2017). Peraturan Bank Indonesia tentang Penyelenggaraan Teknologi Finansial. PBI No.19/12/PBI/2017. Gubernur Bank Indonesia.
Shirai, S. (2019). MONEY AND CENTRAL BANK DIGITAL CURRENCY. 922, 75–75. https://doi.org/10.1007/978-1-349-67278-3_116
www.fintechnews.sg. (2018). Fintech Landscape Report May 2018 Indonesia Indonesia. May.
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Published
2020-11-17
How to Cite
Zamzami, A. H. (2020). THE INTENTION TO ADOPTING CRYPTOCURRENCY OF JAKARTA COMMUNITY . Dinasti International Journal of Management Science, 2(2), 232–244. https://doi.org/10.31933/dijms.v2i2.448
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