Analysis of the Possibilities of Implementing Bitcoin and Other Cryptocurrency Payments at the University

Juraj Fabus (), Miriam Garbarova (), Iveta Kremenova () and Lukas Vartiak ()
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Juraj Fabus: University of Zilina
Miriam Garbarova: University of Zilina
Iveta Kremenova: University of Zilina
Lukas Vartiak: Comenius University

A chapter in Advances in Digital Marketing and eCommerce, 2023, pp 91-96 from Springer

Abstract: Abstract The study aims to analyze the possibility of introducing payment gateways for payments at universities and the introduction of bitcoin as a means of payment at universities. The study describes the differences between the most used virtual currencies regarding payment options. The most widely used virtual currencies are Bitcoin, Litecoin, and Ethereum. Subsequently, we compare the advantages and disadvantages of introducing cryptocurrency as a payment option and the general advantages and disadvantages of e-payments. The study’s outcome is the selection of a payment gateway for making payments by cryptocurrencies. To achieve the set goals, we needed to examine the theoretical foundations of the issue, evaluate the current situation around payment and cryptocurrency payments, and compare the most used cryptocurrencies. Subsequently, we analyzed the payment options available in Slovakia and used cryptocurrency payments.

Keywords: Bitcoin; e-commerce; cryptocurrency; payment gateway; payment options; the payment processor (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-31836-8_12

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DOI: 10.1007/978-3-031-31836-8_12

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