Adoption of Worldcoin digital wallet in Thailand

In the dynamic and ever-evolving digital landscape, the emergence of digital wallets, exemplified by the likes of Worldcoin, represents a significant and transformative trend. This study employed a quantitative research approach to investigate the potential determinants of Worldcoin wallet adoption...

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Main Authors: Tanpat Kraiwanit, Pongsakorn Limna, Peerapat Wattanasin, Saranchana Asanprakit, Ruangchan Thetlek
Format: Article
Language:English
Published: Elsevier 2023-12-01
Series:Research in Globalization
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2590051X23000692
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author Tanpat Kraiwanit
Pongsakorn Limna
Peerapat Wattanasin
Saranchana Asanprakit
Ruangchan Thetlek
author_facet Tanpat Kraiwanit
Pongsakorn Limna
Peerapat Wattanasin
Saranchana Asanprakit
Ruangchan Thetlek
author_sort Tanpat Kraiwanit
collection DOAJ
description In the dynamic and ever-evolving digital landscape, the emergence of digital wallets, exemplified by the likes of Worldcoin, represents a significant and transformative trend. This study employed a quantitative research approach to investigate the potential determinants of Worldcoin wallet adoption in Thailand. Data from 1,430 participants were collected through structured questionnaires, and binary regression analysis was used to examine the relationship between key independent variables, including gender, age, education, occupation, income, savings, digital wallet possession, usage frequency, and social media engagement, and the adoption of the Worldcoin wallet. The study found that all these factors significantly influenced individuals' inclination to adopt the Worldcoin wallet in Thailand. These findings carry substantial implications for promoting digital wallet adoption in Thailand. Tailoring marketing strategies to demographic groups based on variables such as gender, age, education, occupation, income, savings, digital wallet ownership, usage frequency, and social media engagement can enhance adoption rates and better meet user preferences.
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spelling doaj.art-c0ad0e5bde4341feab873765870fddaf2023-12-12T04:35:34ZengElsevierResearch in Globalization2590-051X2023-12-017100179Adoption of Worldcoin digital wallet in ThailandTanpat Kraiwanit0Pongsakorn Limna1Peerapat Wattanasin2Saranchana Asanprakit3Ruangchan Thetlek4Faculty of Economics, Rangsit University, Pathum Thani, ThailandCorresponding author.; Faculty of Economics, Rangsit University, Pathum Thani, ThailandFaculty of Economics, Rangsit University, Pathum Thani, ThailandFaculty of Economics, Rangsit University, Pathum Thani, ThailandFaculty of Economics, Rangsit University, Pathum Thani, ThailandIn the dynamic and ever-evolving digital landscape, the emergence of digital wallets, exemplified by the likes of Worldcoin, represents a significant and transformative trend. This study employed a quantitative research approach to investigate the potential determinants of Worldcoin wallet adoption in Thailand. Data from 1,430 participants were collected through structured questionnaires, and binary regression analysis was used to examine the relationship between key independent variables, including gender, age, education, occupation, income, savings, digital wallet possession, usage frequency, and social media engagement, and the adoption of the Worldcoin wallet. The study found that all these factors significantly influenced individuals' inclination to adopt the Worldcoin wallet in Thailand. These findings carry substantial implications for promoting digital wallet adoption in Thailand. Tailoring marketing strategies to demographic groups based on variables such as gender, age, education, occupation, income, savings, digital wallet ownership, usage frequency, and social media engagement can enhance adoption rates and better meet user preferences.http://www.sciencedirect.com/science/article/pii/S2590051X23000692Digital walletsWorldcoinDeterminantsAdoption
spellingShingle Tanpat Kraiwanit
Pongsakorn Limna
Peerapat Wattanasin
Saranchana Asanprakit
Ruangchan Thetlek
Adoption of Worldcoin digital wallet in Thailand
Research in Globalization
Digital wallets
Worldcoin
Determinants
Adoption
title Adoption of Worldcoin digital wallet in Thailand
title_full Adoption of Worldcoin digital wallet in Thailand
title_fullStr Adoption of Worldcoin digital wallet in Thailand
title_full_unstemmed Adoption of Worldcoin digital wallet in Thailand
title_short Adoption of Worldcoin digital wallet in Thailand
title_sort adoption of worldcoin digital wallet in thailand
topic Digital wallets
Worldcoin
Determinants
Adoption
url http://www.sciencedirect.com/science/article/pii/S2590051X23000692
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AT pongsakornlimna adoptionofworldcoindigitalwalletinthailand
AT peerapatwattanasin adoptionofworldcoindigitalwalletinthailand
AT saranchanaasanprakit adoptionofworldcoindigitalwalletinthailand
AT ruangchanthetlek adoptionofworldcoindigitalwalletinthailand