Artikel

The crypto effect on cross border transfers and future trends of cryptocurrencies

This paper presents a theoretical and empirical outlook on different aspects of various cryptocurrencies, blockchain technology including the evolution of digital tokens and how they widely affect the financial markets, organizations, banks, governments via analyzing the characteristics and current history of cryptocurrencies alongside with blockchain technology. The choice of this topic was motivated by the fact that the virtual money concept and blockchain technology are utterly new phenomena. This new technology is completely decentralized making the subject worthy of scientific research.The paper solely focuses on analyzing how cryptocurrencies currently affect the financial markets and the future trends of these virtual tokens in the global economy. The study is keen to further examine the impact of Bitcoin and other cryptocurrencies on international fund transfers. Literature review and case study with up-to-date data has been included in the analysis. The following results have been obtained: cryptocurrencies offer a wide range of features such as faster, cheaper and more secure cross-border money transfers that can also provide anonymity. Most crypto tokens are highly volatile due to their nature and various other factors. Cryptocurrencies could provide more beneficial options for users on cross border transfers compared to traditional methods of fund transfers. Cryptocurrencies might have the potential to replace paper money and gain mainstream recognition throughout the world. The study sheds light onto current and future trends of cryptocurrencies and blockchain. It is outlined for the crypto, financial, economic field.

Sprache
Englisch

Erschienen in
Journal: Financial Internet Quarterly ; ISSN: 2719-3454 ; Volume: 16 ; Year: 2020 ; Issue: 4 ; Pages: 12-23 ; Warsaw: Sciendo

Klassifikation
Wirtschaft
General Financial Markets: General (includes Measurement and Data)
International Financial Markets
Financial Institutions and Services: General
Thema
cryptocurrency
blockchain
bitcoin

Ereignis
Geistige Schöpfung
(wer)
Uyduran, Burak
Ereignis
Veröffentlichung
(wer)
Sciendo
(wo)
Warsaw
(wann)
2020

DOI
doi:10.2478/fiqf-2020-0024
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Uyduran, Burak
  • Sciendo

Entstanden

  • 2020

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