Cryptocurrency

Abstract What implications will cryptocurrency have on current banking systems?  The invention of cryptocurrency and its subsequent adoption may have a significant impact on banks and financial systems.  Cryptocurrency adoption has grown significantly since the creation of bitcoin in 2009.  Today, cryptocurrency adoption is substantial, and many reputable companies are involved in cryptocurrency.  Government regulation may mitigate some of the effects of cryptocurrency on the current banking system.  The adoption of Central Bank Digital Currencies may change and minimize the impact of cryptocurrencies on the current system.  Banks may adopt the new technology and offer cryptocurrency products and services.  In … Read more

Cryptocurrencies have caught on in a pretty big way over the course of the last several years. However, there are still plenty of people who haven’t bought in, and some of the common reasons for this concern trust and security. From individuals to financial institutions, to governments, there’s a feeling that the supposed inherent security of cryptocurrencies just isn’t reliable. And even where new and emerging cryptos are concerned, there’s little faith that the kinks have been ironed out. Case in point, Facebook’s long-awaited crypto offering already has a trust problem. All of these concerns are understandable. There are established cybersecurity … Read more