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Comparative study on cryptocurrency transaction and banking transaction

Nandan Gowda, Chandrani Chakravorty

2021Global Transitions Proceedings46 citationsDOIOpen Access PDF

Abstract

Cryptocurrency is an advanced digital currency that is gotten by cryptography, numerous digital currencies are decentralized organizations dependent on blockchain innovation an appropriated record authorized by a different organization of computers. And Many present-day technologies are driving the transformative impact in the global financial system, in that impact cryptocurrency stands on first position in the list. Cryptocurrency offer several potential benefits, including better speed and efficiency in processing payments and transfers notably across borders and ultimately boosting financial inclusion. The intension of this paper is to summaries the difference between the normal or traditional method of currency transaction and crypto currency transaction. And why all are providing more interest towards crypto methods nowadays and what different they feel while choosing a crypto method over a normal or traditional currency methods. And how crypto currency is dragging current world attention towards its pocket and why many are developing interest towards following the crypto trend.

Topics & Concepts

CryptocurrencyCurrencyDatabase transactionDigital currencyPaymentCommerceBusinessVirtual currencyPosition (finance)Financial transactionComputer scienceComputer securityEconomicsMonetary economicsFinanceDatabaseBlockchain Technology Applications and SecurityComplex Systems and Time Series AnalysisStock Market Forecasting Methods
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