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BITCOIN Currency - Methods of Adapting to the Economic Crisis

Gheorghe Negoescu (), Andrei-Mirel Florea and Aurora Aurelia Diaconu ()
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Gheorghe Negoescu: Ovidius University of Constanta, Romania
Aurora Aurelia Diaconu: Dunarea de Jos University of Galati, Romania

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 2, 511-514

Abstract: Given that the global crisis is a cyclical phenomenon that directly affects the company's existence, this adaptation is a condition more than necessary to carry out an activity in a reliable way. Adaptation involves choosing innovative solutions that can withstand market in the current context, as the use of virtual currency Bitcoin as an alternative method in order to remove barriers, given that Bitcoin, a virtual currency created six years ago is not supported or controlled by any government or central bank and is freely traded, fluctuating depending on demand.

Keywords: Global crisis; innovative solutions Bitcoin; the virtual currency. (search for similar items in EconPapers)
JEL-codes: F61 (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:511-514