Factors Affecting Behavioral Intention to Use Digital Currency in the Kingdom of Bahrain

The rapid technological development in our lives has created a new form of currency called digital currency. It can be defined as a form of virtual currency that is electronically created and stored. This study investigates issues that affect an individual’s behavioral intention to use digital currency. Factors influencing behavioral intention by individuals in the Kingdom of Bahrain, such as perceived usefulness, perceived ease of use, trust, social influence, and security, are investigated. A questionnaire was distributed to citizens and residents to collect primary data, and 396 responses were acknowledged, bringing the study’s sample size to the required level. The study’s conceptual framework and primary hypothesis were developed using a quantitative research methodology. The data was checked for errors and validity, and a regression analysis was performed to check the study’s hypothesis. The findings of the study proved a significant level of behavioral intention toward using digital currency in the Kingdom of Bahrain, where perceived usefulness, perceived ease of use, social influence, and trust were found to significantly affect behavioral intention to use digital currency, while security, on the contrary, did not significantly affect behavior.