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Revolutionieren Kryptowährungen die Zahlungssysteme?

Walter Blocher (), Andreas Hanl () and Jochen Michaelis
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Walter Blocher: Universitaet Kassel
Andreas Hanl: Universitaet Kassel

MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

Abstract: The development of cryptocurrencies such as Bitcoin after the global financial crises from 2007 onwards has put the financial sector into trouble. Some voices even speak of the possibility of abolishing cash. This article shows, first, whether and to what extent cryptocurrencies can replace cash, second, to what extent they change non-cash payment systems, and third, which obstacles have to be overcome on the way to large acceptance. We shall first scrutinize the financial sector's response to the multifaceted phenomenon of the Distributed Ledger Technology (“blockchain”).

Keywords: Bitcoin; Cryptocurrency; digital Currency; Blockchain; Distributed Ledger Technology; Payment System (search for similar items in EconPapers)
JEL-codes: E42 G20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-pay
Date: 2017
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