Title: Economic, legal and financial perspectives on cryptocurrencies: a review on cryptocurrency growth, opportunities and future prospects
Authors: Shweta Goel; Himanshu Mittal
Addresses: Management Sciences, Jagannath Institute of Management Sciences, New Delhi, India ' Department of Computer Science, Jaypee Institute of Information Technology, Noida, Uttar Pradesh, India
Abstract: Cryptocurrency has become most sought after digital payment system these days and has been regarded as the safest mode of transferring money and making payments. The functionality of the cryptocurrency highly depends upon the use of advanced technology and resulted in the emergence of a number of cryptocurrencies like Bitcoin, Ripple, Ethereum, etc. The evolution and growth of cryptocurrency have been tremendous during the last 10 years and has revolutionised the whole financial sector. The cryptocurrency provides immense opportunities to the users in the form of increased job propensities and new market ventures along with certain challenges like volatility, lack of markets and so on. The risk and return factors involved with the usability and adaptability of cryptocurrency has also impacted the users in both positive and negative ways. Hence, the current research study provides detailed insights about cryptocurrency, its growth, opportunities, and future prospects in an adequate manner.
Keywords: bitcoin; cryptocurrency; FinTech; virtual economy; crypto-assets.
World Review of Entrepreneurship, Management and Sustainable Development, 2020 Vol.16 No.6, pp.611 - 623
Received: 01 Jun 2019
Accepted: 16 Oct 2019
Published online: 25 Nov 2020 *