Cryptocurrency Adoption in Indonesia: Economic Drivers Behind Behavioral Intentions Using UTAUT/2

Authors

  • Muhamad Ridwan Triantara Universitas Indonesia
  • Rizal Edy Halim Universitas Indonesia

DOI:

https://doi.org/10.37385/ijedr.v6i2.7318

Keywords:

Cryptocurrency, Behavioral intention, UTAUT, UTAUT/2, Indonesia

Abstract

The purpose of this study is to empirically examine the influence of constructs from the modified UTAUT/2 on behavioral intention to use cryptocurrency in Indonesia. The sampling technique employed non-probability sampling through an online questionnaire on a Likert scale of 1-6 and succeeded in getting 327 respondents. The research model with 12 hypotheses was tested using PLS-SEM (variance-based SEM). The results show that performance expectancy, effort expectancy, social influence and facilitating conditions have a positive effect on behavioral intention to use cryptocurrency. However, the influence of gender and age as moderating variables is not supported by existing data.

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Published

2025-03-20

How to Cite

Triantara, M. R., & Halim, R. E. (2025). Cryptocurrency Adoption in Indonesia: Economic Drivers Behind Behavioral Intentions Using UTAUT/2. International Journal of Economics Development Research (IJEDR), 6(2), 763–787. https://doi.org/10.37385/ijedr.v6i2.7318