Cargando…
Understanding the adoption context of China’s digital currency electronic payment
Central banks worldwide have started researching and developing central bank digital currencies (CBDCs). In the digital economy context, concerns regarding the integrity, competition, and privacy of CBDC systems have also gradually emerged. Against this backdrop, this study aims to evaluate users’ w...
Autores principales: | , , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer Berlin Heidelberg
2023
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9977634/ https://www.ncbi.nlm.nih.gov/pubmed/36879980 http://dx.doi.org/10.1186/s40854-023-00467-5 |
_version_ | 1784899337080274944 |
---|---|
author | Xia, Huosong Gao, Yangmei Zhang, Justin Zuopeng |
author_facet | Xia, Huosong Gao, Yangmei Zhang, Justin Zuopeng |
author_sort | Xia, Huosong |
collection | PubMed |
description | Central banks worldwide have started researching and developing central bank digital currencies (CBDCs). In the digital economy context, concerns regarding the integrity, competition, and privacy of CBDC systems have also gradually emerged. Against this backdrop, this study aims to evaluate users’ willingness to use China’s digital currency electronic payment (DCEP) system, a digital payment and processing network, and its influencing factors by comprehensively considering and comparing the characteristics of cash and third-party payment services. Combining the push-pull-mooring framework (PPM) and task-technology fit (TTF) theory, we discuss the scenarios and mechanisms that may inspire users’ DCEP adoption intention through an empirical study. The results reveal that privacy concerns regarding the original payment methods and technology-task fitting level of DCEP positively impact users’ willingness to adopt DCEP. The technical characteristics of DCEP, users’ payment requirements, and government support positively affect users’ adoption intention by influencing the task-technology fitting degree of DCEP. Switching cost significantly and negatively impacts adoption intention, whereas relative advantage exhibits no significant effect. This research contributes to a better understanding of the factors that influence switching intentions and the actual use of DCEP, and provides policy guidance on promoting the efficiency and effectiveness of DCEP. |
format | Online Article Text |
id | pubmed-9977634 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Springer Berlin Heidelberg |
record_format | MEDLINE/PubMed |
spelling | pubmed-99776342023-03-02 Understanding the adoption context of China’s digital currency electronic payment Xia, Huosong Gao, Yangmei Zhang, Justin Zuopeng Financ Innov Research Central banks worldwide have started researching and developing central bank digital currencies (CBDCs). In the digital economy context, concerns regarding the integrity, competition, and privacy of CBDC systems have also gradually emerged. Against this backdrop, this study aims to evaluate users’ willingness to use China’s digital currency electronic payment (DCEP) system, a digital payment and processing network, and its influencing factors by comprehensively considering and comparing the characteristics of cash and third-party payment services. Combining the push-pull-mooring framework (PPM) and task-technology fit (TTF) theory, we discuss the scenarios and mechanisms that may inspire users’ DCEP adoption intention through an empirical study. The results reveal that privacy concerns regarding the original payment methods and technology-task fitting level of DCEP positively impact users’ willingness to adopt DCEP. The technical characteristics of DCEP, users’ payment requirements, and government support positively affect users’ adoption intention by influencing the task-technology fitting degree of DCEP. Switching cost significantly and negatively impacts adoption intention, whereas relative advantage exhibits no significant effect. This research contributes to a better understanding of the factors that influence switching intentions and the actual use of DCEP, and provides policy guidance on promoting the efficiency and effectiveness of DCEP. Springer Berlin Heidelberg 2023-03-02 2023 /pmc/articles/PMC9977634/ /pubmed/36879980 http://dx.doi.org/10.1186/s40854-023-00467-5 Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) . |
spellingShingle | Research Xia, Huosong Gao, Yangmei Zhang, Justin Zuopeng Understanding the adoption context of China’s digital currency electronic payment |
title | Understanding the adoption context of China’s digital currency electronic payment |
title_full | Understanding the adoption context of China’s digital currency electronic payment |
title_fullStr | Understanding the adoption context of China’s digital currency electronic payment |
title_full_unstemmed | Understanding the adoption context of China’s digital currency electronic payment |
title_short | Understanding the adoption context of China’s digital currency electronic payment |
title_sort | understanding the adoption context of china’s digital currency electronic payment |
topic | Research |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9977634/ https://www.ncbi.nlm.nih.gov/pubmed/36879980 http://dx.doi.org/10.1186/s40854-023-00467-5 |
work_keys_str_mv | AT xiahuosong understandingtheadoptioncontextofchinasdigitalcurrencyelectronicpayment AT gaoyangmei understandingtheadoptioncontextofchinasdigitalcurrencyelectronicpayment AT zhangjustinzuopeng understandingtheadoptioncontextofchinasdigitalcurrencyelectronicpayment |