Investigating privacy concerns and trust in the digital Euro in Germany

【Author】 Tronnier, Frederic; Harborth, David; Hamm, Peter

【Source】ELECTRONIC COMMERCE RESEARCH AND APPLICATIONS

【影响因子】5.622

【Abstract】This work analyzes the influence of privacy concerns and different dimensions of currency-related trust on individuals' willingness to use Central Bank Digital Currency (CBDC), specifically a digital euro. A quantitative survey with 1034 respondents was analyzed using partial least squares structural equation model (PLS-SEM). Empirical results indicate that multiple antecedents are associated with privacy concerns in the digital euro that in turn influence intention to adopt a digital euro. Especially soft trust factors such as credibility and image are found to influence both privacy concerns and the intention to adopt a digital euro. It contributes to the current literature by introducing trust as a second-order construct composed of hard and soft trust factors for digital currencies. The results provide valuable insights for researchers and practitioners aiming at designing and implementing CBDCs by demonstrating which factors need to be considered in order to achieve widespread adoption by citizens.

【Keywords】Digital Euro; Central bank digital currency; CBDC; Trust; Privacy concerns; Electronic payment systems

【发表时间】2022 MAY-JUN

【收录时间】2022-06-19

【文献类型】实证性文章

【主题类别】

区块链治理-市场治理-数字货币