TY - JOUR
T1 - You can't hold the tide with a broom
T2 - Cryptocurrency payments and tourism in South Korea and China
AU - Radic, Aleksandar
AU - Quan, Wei
AU - Ariza-Montes, Antonio
AU - Lee, Jin Soo
AU - Han, Heesup
N1 - Funding Information:
None.
Publisher Copyright:
© 2022 Elsevier Ltd
PY - 2022/7
Y1 - 2022/7
N2 - Cryptocurrencies are modifying the very nature of how travelers use and manage payment systems. Bearing in mind that cryptocurrencies in tourism and hospitality are solving the issue of isolation of money and liquidity, this study explored travelers' adoption of cryptocurrency payments in the South Korea and China context. The originality of the present study lies on introducing risk, security, and attitude variables into the Technology Acceptance Model (TAM) and the Unified Theory of Acceptance and Use of Technology (UTAUT) model. We found that perceived usefulness, perceived ease of use and security are antecedents of attitude, while attitude, performance expectancy, effort expectancy, social influence and facilitating conditions have significant effect on intention to use cryptocurrency payments in tourism. We also outline the significant moderating effect of age and gender on travelers' adoption of cryptocurrency payments. This study can help policy makers to understand the utility of cryptocurrency payments in tourism.
AB - Cryptocurrencies are modifying the very nature of how travelers use and manage payment systems. Bearing in mind that cryptocurrencies in tourism and hospitality are solving the issue of isolation of money and liquidity, this study explored travelers' adoption of cryptocurrency payments in the South Korea and China context. The originality of the present study lies on introducing risk, security, and attitude variables into the Technology Acceptance Model (TAM) and the Unified Theory of Acceptance and Use of Technology (UTAUT) model. We found that perceived usefulness, perceived ease of use and security are antecedents of attitude, while attitude, performance expectancy, effort expectancy, social influence and facilitating conditions have significant effect on intention to use cryptocurrency payments in tourism. We also outline the significant moderating effect of age and gender on travelers' adoption of cryptocurrency payments. This study can help policy makers to understand the utility of cryptocurrency payments in tourism.
KW - Attitude
KW - Cryptocurrency adoption
KW - Hospitality
KW - Security
KW - TAM
KW - Tourism
KW - UTAUT
UR - http://www.scopus.com/inward/record.url?scp=85136593289&partnerID=8YFLogxK
U2 - 10.1016/j.tmp.2022.101000
DO - 10.1016/j.tmp.2022.101000
M3 - Journal article
AN - SCOPUS:85136593289
SN - 2211-9736
VL - 43
JO - Tourism Management Perspectives
JF - Tourism Management Perspectives
M1 - 101000
ER -