Master of Business Administration Executive
Faculty / School
Faculty of Business Administration (FBA)
Year of Award
MBA Executive Research Project
With the introduction to paper currency and its application for over more than a few centuries, people have used this form to manage trade and transactions. The internet has bought on a new era of managing transactions and payments and has bought in digitized currencies in its wake. The BITCOIN is considered to be secure and safe for the next generation of transactions to be carried out. Hence is the BITCOIN really the next level discovery made to ease out financial payment and transactions or will lose out to the strong governance of traditional currency.
BITCOIN is basically digital currency that has the application of cryptography to make the use of the application safe and secure. But with the rise of this phenomenon one needs to understand the functions and usage of the BITCOIN along with its comparison to traditional currencies. Hence the problem identified for the same is, 7s the world ready for Decentralized currencies and is Peer to Peer currency a rising phenomenon versus the traditional fiat currency?"
BITCOIN is not an authorized form of currency that is being applied but is still being recognized across the globe and slowly yet surely being applied by all. With the Government's permission this form of money came into existence and till date is best form of currency applied by countries across the globe. With the introduction of the World Wide Web, the world currency form has changed opening new avenues to opportunities and diversities.
Khan, Q. Y. (2014). The advent of Digital/Crypto Currencies and Bitcoin: emerging phenomena in payments (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-emba/238
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