The Role of Cryptocurrency in the Sustainable Development of Business
Alina-Mihaela IRIMESCU, Corina-Graziella BÂTCĂ-DUMITRU
CECCAR Business Review · 2022
doi:10.37945/cbr.2022.10.02 (opens in a new tab)
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Abstract
Money is a social convention, a method of acquiring various goods and services designed to facilitate a person’s life. Over time, money has taken different forms, from gold coins to fiat coins. Along with digitization, the emergence of a payment method that should not involve a banking institution or a government that should have an influence on its purchasing power was desired, and in 2008 cryptocurrencies appeared. Cryptocurrencies are virtual currencies, unregulated by a financial institution, used as a payment method, and their system of use is based on a peer-to-peer technology, without the need for a third party intervention. The purpose of this paper is to present an overview of the cryptocurrency phenomenon and the impact that cryptocurrencies have on sustainable business development.
Abstract licence: CC BY-NC-ND
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