Cryptocurrencies history, immersion in the production processes and future prospects of CBDCs

Israel Barrutia Barreto, Manuel Nicolas Morales Alberto, Carlos Enrique García Soto and José Cayetano Vergaray Huaman
Additional contact information
Israel Barrutia Barreto: Innova Scientific SAC
Manuel Nicolas Morales Alberto: Universidad Nacional Santiago Antúnez de Mayolo
Carlos Enrique García Soto: Universidad Nacional de Barranca
José Cayetano Vergaray Huaman: Universidad Nacional de Barranca

Lecturas de Economía, 2023, issue 99, 245-282

Abstract: This article aims to give a review about cryptocurrencies and their role in the modern economy. This work focuses on the immersion of cryptofinance in the real sector of the economy and its productive processes, from its creation and its underlying technology to the conception and future development of central bank digital currencies (CBDC). It is found that so far cryptocurrencies, despite their great popularity in certain sectors, still have little relevance in productive processes. However, and especially with the possibility of the monetary authorities issuing their version of digital currency, it is expected that the relationship between cryptofinance and the real sector of the economy will be growing.

Keywords: Cryptocurrency; Digital economy; Financial technology; Currency; central bank (search for similar items in EconPapers)
JEL-codes: E42 E51 G23 O33 O38 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistas.udea.edu.co/index.php/lecturasdeeconomia/article/view/351176 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2023:i:99:p:245-282

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

DOI: 10.17533/udea.le.n99a351176

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().