Bitcoin and Future of Cryptocurrency

Afzalur  Rahman; Ayub Khan Dawood

doi:10.12725/ujbm.46.5

Authors

Afzalur Rahman B S Abdur Rahman Crescent Institute of Science and Technology, Chennai, India
Ayub Khan Dawood B S Abdur Rahman Crescent Institute of Science and Technology, Chenai, India

DOI:

https://doi.org/10.12725/ujbm.46.5

Keywords:

Bitcoin and Cryptocurrency, Digital Payments, Payment systems, Regulations

Abstract

There are diverse variables that impact the future usage of bitcoin, from issues related to security to concerns pertaining to garnering acceptance from the market and customers. In this article, few predictive statements have been analysed regarding the future of bitcoin, such as (1) the growth of share of digital purchases, (2) customer acceptance for blockchain innovation in electronic settlements, payment and banking system, (3) the emergence of bitcoin and also various other cryptocurrencies as niche cash, and (4) the implications of bitcoin or some other cryptocurrency as a specific niche cash in nations with specifically weak currency, and (5) the possibilities of regulative dangers of bitcoin usage in these nations.

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