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214677

The Impact of Crypto Currencies on Economy: The Revolution of Bitcoin: Current Situation and Future Prospective

Article

Last updated: 05 Jan 2025

Subjects

-

Tags

Economic topics.
Legal, economic, and statistical research in Arabic, English, and French.

Abstract

Economic science has evolved over several decades toward greater emphasis on payment methods. Electronic payments “e-Payment" revolution started with e-Cash, e-Cheques and e-Portfolio ending up. with “Crypto Currencies" in general and with “Bit Coin" in particular, started in the past decade, is likely to .have a further and profound effect on economies and research in economics. With “Crypto Currencies", people no longer have to go to traditional banks if they need financing. Peer-to-peer networks, including those based on Crypto currieries are becoming more common and those who might be turned away by traditional banks now have another way around financing. Consequently, economists made use of newly available technology and new financial data or private sector data that often are obtained through collaborations with private, firms, giving rise to new opportunities and challenges. This research aims at studying the effect of Crypto Currencies on economies. The main question of this research is “What is the future of Crypto Currencies specially Bitcoin?.The main hypothesis is, similar to several other countries, the-Egyptian economy will catch up with the other countries and Crypto Currencies will be somehow integrating with traditional payment methods.

DOI

10.21608/espesl.2019.214677

Keywords

السياسة النقدية | العملات القومية | العملات المشفرة | التجارة الالكترونية | العملات الالكترونية | عملكة البيتكوين Econometrics | Economic Indicators | Economi, Economy | E, Commerce, Payment | Crypto Currencies | Bit Coin

Authors

First Name

marwa

Last Name

Salah Eldin Fahmy

MiddleName

-

Affiliation

lecture at el Sadat academy

Email

-

City

-

Orcid

-

Volume

110

Article Issue

533

Related Issue

30183

Issue Date

2019-10-01

Receive Date

2022-01-17

Publish Date

2019-10-01

Page Start

547

Page End

575

Print ISSN

0013-239X

Online ISSN

2812-5606

Link

https://espesl.journals.ekb.eg/article_214677.html

Detail API

https://espesl.journals.ekb.eg/service?article_code=214677

Order

214,677

Type

Original Article

Type Code

2,208

Publication Type

Journal

Publication Title

L' Egypte Contemporaine

Publication Link

https://espesl.journals.ekb.eg/

MainTitle

The Impact of Crypto Currencies on Economy: The Revolution of Bitcoin: Current Situation and Future Prospective

Details

Type

Article

Created At

23 Jan 2023