The Disruption of Cryptocurrencies as a Method of Payment and Its Implications for the Financial System: Evidence from the United States
Francisco Elieser Giraldo-Gordillo,
Ricardo Bustillo-Mesanza
Abstract:In the past decade, the emergence of Blockchain has questioned certain financial institutions. Cryptocurrency upsurge was aimed at conducting financial transactions with more efficiency while being safer, easier, faster, and cheaper. Thus, over-intermediation in finance has been highlighted by Blockchain emergence. Here, a SWOT will be carried out to examine Blockchain and cryptocurrencies, their monetary role, their impact on a financial system based on banking intermediation, and their influence on the futur… Show more
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