Description
This paper describes a study to understand what differentiates organization adopters of Bitcoin from non-adopters by comparing their IT-readiness, innovativeness and social media presence. The craze over cryptocurrency such as Bitcoin has been likened to a modern-day gold rush, yet academic research has not caught up. Governments are struggling with the very idea of cryptocurrency systems. After the price of Bitcoin fell from $1,200 to $300 in 2014, consumer interest flagged, leaving the future of Bitcoin adoption uncertain despite a slow and steady increase of organization adopters. Organization adoption is more important than consumer, because consumers can’t use cryptocurrency if organizations don’t accept them as payment. This research serves as a basis for future research on Bitcoins and Bitcoin adoption by highlighting some important hurdles to its adoption as a new innovation, in the hope that such endeavors move us ever closer to the vision of a true “people’s currency.”
AMCIS TV LINK: https://www.youtube.com/watch?v=7qVM4DQiTyk#action=share
Recommended Citation
Connolly, Amy and Kick, Andreas, "What Differentiates Early Organization Adopters of Bitcoin From Non-Adopters?" (2015). AMCIS 2015 Proceedings. 46.
https://aisel.aisnet.org/amcis2015/AdoptionofIT/GeneralPresentations/46
What Differentiates Early Organization Adopters of Bitcoin From Non-Adopters?
This paper describes a study to understand what differentiates organization adopters of Bitcoin from non-adopters by comparing their IT-readiness, innovativeness and social media presence. The craze over cryptocurrency such as Bitcoin has been likened to a modern-day gold rush, yet academic research has not caught up. Governments are struggling with the very idea of cryptocurrency systems. After the price of Bitcoin fell from $1,200 to $300 in 2014, consumer interest flagged, leaving the future of Bitcoin adoption uncertain despite a slow and steady increase of organization adopters. Organization adoption is more important than consumer, because consumers can’t use cryptocurrency if organizations don’t accept them as payment. This research serves as a basis for future research on Bitcoins and Bitcoin adoption by highlighting some important hurdles to its adoption as a new innovation, in the hope that such endeavors move us ever closer to the vision of a true “people’s currency.”
AMCIS TV LINK: https://www.youtube.com/watch?v=7qVM4DQiTyk#action=share