Economic Issues on M-Payments and Bitcoin

Gianni Bonaiuti
Additional contact information
Gianni Bonaiuti: University of Siena

Chapter 2 in Bitcoin and Mobile Payments, 2016, pp 27-51 from Palgrave Macmillan

Abstract: Abstract Technology innovation and new consumers’ habits are fostering two interesting experiences in the payments’ landscape: the increasing use of mobile payment instruments and the emergence of alternative payment schemes without fiat or banking money, like Bitcoin. This contribution considers both cases as useful drivers for innovation, but at present their positive outcomes are unclear. A synthetic economic analysis highlights costs and benefits for consumers and third-party operators, arguing that mobile payments could improve competition and force banks to rethink their strategies. More controversial issues concern bitcoin: on this topic enthusiastic expectations of financial operators are jointly considered with cautious positions expressed by regulatory and monetary authorities. Recent tendencies in Bitcoin’s informal infrastructure are confirming that an effective decentralized and peer-to-peer payments system is rather hard to build.

Keywords: Central Bank; Switching Cost; Payment System; Near Field Communication; Payment Service (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:psincp:978-1-137-57512-8_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137575128

DOI: 10.1057/978-1-137-57512-8_2

Access Statistics for this chapter

More chapters in Palgrave Studies in Financial Services Technology from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().