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A Model of Trust in Ethereum Token ‘Ether’ Payments, TRUSTEP

Author

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  • Alex Zarifis

    (Department of Management and Information System, PSL Research University, 75006 Paris, France)

Abstract

Ethereum is being utilized in various ways, including smart contracts and payments. Research in cryptocurrency payments has either been general, about all cryptocurrencies or focused primarily on Bitcoin. Despite some similarities with Bitcoin, Ethereum is a different technology with different governance and support. This research focuses on payments with the Ethereum token, Ether, and puts forward a model of trust in Ethereum payments. Survey data analyzed using structural equation modeling supports the model. Firstly, the model has three variables from the person’s individual characteristics: The user’s predisposition to using innovations in (a) finance and (b) technology, influence (c) their predisposition to trust in this payment process. There are then five variables from the context: (d) Adoption and reputation, (e) stable value and low transaction fees, (f) effective regulation, (g) trust in the payment intermediaries, and (h) trust in the seller. The personal and contextual factors together influence (i) trust in the Ethereum payment process, and this leads to (j) making a payment with Ethereum.

Suggested Citation

  • Alex Zarifis, 2023. "A Model of Trust in Ethereum Token ‘Ether’ Payments, TRUSTEP," Businesses, MDPI, vol. 3(4), pages 1-14, October.
    • Handle: RePEc:gam:jbusin:v:3:y:2023:i:4:p:33-547:d:1253157
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    References listed on IDEAS

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    1. Pauline Patnasingam & David Gefen & Paul A. Pavlou, 2005. "The Role of Facilitating Conditions and Institutional Trust in Electronic Marketplaces," Journal of Electronic Commerce in Organizations (JECO), IGI Global, vol. 3(3), pages 69-82, July.
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