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BCAP-SA—Towards a blockchain based cryptocurrency adoption model as a payment method in Saudi Arabia

Online transactions have grown to gain significant attention from various stake-holders in governments, business, and research practitioners all over the world. A decade ago, the first cryptocurrency transaction was executed to pave the way for a new era of online transactions. However, there is a relatively low adoption of blockchain-based cryptocurrency transactions as a payment method by service providers, organizations, and customers. Further, there is no study investigating the adoption of cryptocurrency technology as a payment method in Saudi Arabia. Therefore, this research proposes a new adoption model to investigate the ac-ceptance of a blockchain based cryptocurrency as a payment method in Saudi Arabia (BCAP-SA). A thorough research of the literature has yielded only a few studies covering external factors over a range of technical, economic, personal, and environmental aspects in different parts of the world. Hypotheses have been developed for each factor which will be examined by both qualitative (interviews) and quantitative (surveys) methods. The proposed study aims to offer service providers with insights about which factors customers would concentrate on if they were to accept blockchain based cryptocurrency as a payment method.

History

Publication status

  • Published

File Version

  • Accepted version

Publisher

Springer

Volume

4

Page range

137–154

Event name

8th International Congress on Information and Communication Technology

Event location

London, United Kingdom

Event type

conference

Event date

20-23 February 2023

Book title

Proceedings of Eighth International Congress on Information and Communication Technology

ISBN

9789819932351

Series

Lecture Notes in Networks and Systems

Department affiliated with

  • Informatics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2023-03-20

First Compliant Deposit (FCD) Date

2023-03-17

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