Rise of Crypto Currency-Bitcoin and Impact on the Financial System
G. Taviti Naidu1, Muyinda Gerald Dhatemwa2
1Dr. G. Taviti Naidu*, MBA, M.Phil, Ph.D., Post Doctoral Fellow, ICSSR Andhra University, Visakhapatnam, India.
2Muyinda Gerald Dhatemwa, M.B.A Student, Faculty of Finance, Andhra University, Visakhapatnam, India.
Manuscript received on October 04, 2020. | Revised Manuscript received on October 13, 2020. | Manuscript published on October 15, 2020. | PP: 57-60 | Volume-5 Issue-2, October 2020. | Retrieval Number: 100.1/ijmh.B1159105220 | DOI: 10.35940/ijmh.B1159.105220
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: A product of the 21st century, crypto-currency is a digital representation of a value that can be digitally traded and functions as a medium of exchange, a unit of account or store of value. Safety, simplicity, affordability, reachability, and transparency are advantages however, challenges such as fraud, complexity, money laundering plague Bitcoin, Lite coin, Dodge coin, Amazon coin,ethereum coin, Nemcoin, Libra, DC/EP coin.
Keywords: Crypto-Currency, Bitcoin, Financial system.