Factors Influencing the Adoption of Cryptocurrency in Digital Financial Transactions: The Mediating Role of Ethics and Social Responsibility

Document Type : Original Article

Authors
mohsen hashemi gohar 1
maedeh eshrati bahar bonab 2
rasool zare 1
1 Department of Accounting, shQ.C., Islamic Azad University, shahr-e Qods, Iran
2 Department of Financial Management, shQ.C., Islamic Azad University, shahr-e Qods, Iran
10.22034/jik.2025.78163.4651
Abstract
This study investigates the factors influencing the adoption of cryptocurrency in financial transactions, with an emphasis on the mediating role of ethics and social responsibility. The findings highlight the importance of aligning cryptocurrency with financial transactions. The research is applied in nature and employs a descriptive-correlational method for data collection. The statistical population includes all cryptocurrency users across 25 exchanges in Tehran, with a sample size of 384 determined using Cochran's formula. A simple random sampling method was applied, and the validity and reliability of the questionnaire were confirmed. Data were analyzed using Smart PLS and SPSS software. The results indicate that ethical factors and social responsibility play a significant role in the adoption of cryptocurrency in financial transactions. Specifically, the findings underscore that the impact of cryptocurrency's price value and traceability is significantly influenced by customer attitudes and satisfaction. Additionally, the mediating role of ethics and social responsibility is identified as a key factor in the acceptance and utilization of cryptocurrencies in the market. The study suggests that companies should strengthen ethical principles and social responsibility in their operations and consider the effects of these factors on cryptocurrency adoption to achieve greater success in the digital market.
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