The Acceptability of Cryptocurrencies as Mode of Payment among Millennial Certified Public Accountants in the Philippines

Julius Ray E. Rentoy

2019

Abstract

A flourishing number of literatures have investigated on the acceptability of diverse technologies around the globe. Yet, limited studies have explored on a growing technological phenomenon – the Cryptocurrencies. The central motivation of cryptocurrencies is to work as a medium of exchange and to take the power out of the hands of the government and central bankers (Gilpin, 2014, as cited in Rose, 2015). Using an extended UTAUT model, this research aims to investigate on the factors that could influence the behavioral intention (BI) to accept cryptocurrencies as a mode of payment among millennial Certified Public Accountants in the Philippines. The Multiple Linear Regression was utilized on this research, which was administered on 386 millennial CPAs. Performance Expectancy was still found to be the strongest predictor of BI, while Government Regulation was interestingly found to have no significant relationship with BI. This is the first study on this field to have incorporated the existence of Accounting Model as a predictor variable. The results of this study are significant in creating a more informed business environment for professionals, owners, and managers.

Paper Citation

in Harvard Style

Rentoy J. (2019). The Acceptability of Cryptocurrencies as Mode of Payment among Millennial Certified Public Accountants in the Philippines.In Proceedings of the 2nd International Conference on Inclusive Business in the Changing World - Volume 1: ICIB, ISBN 978-989-758-408-4, pages 490-497. DOI: 10.5220/0008432804900497

in Bibtex Style

@conference{icib19,
author={Julius Ray E. Rentoy},
title={The Acceptability of Cryptocurrencies as Mode of Payment among Millennial Certified Public Accountants in the Philippines},
booktitle={Proceedings of the 2nd International Conference on Inclusive Business in the Changing World - Volume 1: ICIB,},
year={2019},
pages={490-497},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008432804900497},
isbn={978-989-758-408-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Inclusive Business in the Changing World - Volume 1: ICIB,
TI - The Acceptability of Cryptocurrencies as Mode of Payment among Millennial Certified Public Accountants in the Philippines
SN - 978-989-758-408-4
AU - Rentoy J.
PY - 2019
SP - 490
EP - 497
DO - 10.5220/0008432804900497