VIRTUAL CURRENCY AND GLOBAL BUSINESS - THE NEW TREND IN THE NET-ECONOMY
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Authors:
• Cătălin DUMITRESCU, email: catalindumi@yahoo.com, Afiliation: Athenaeum University, Bucharest, Romania
• Matei DUMITRESCU, email: mateidumi7@gmail.com, Afiliation: Department FABIZ, University of Economic Studies, RomaniaPages:
• 22|32 -
Keywords: Blockchain, Ledger Technology, Bitcoin, ETH, cryptocurrency, cryptography, technology, digital
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Abstract:
The rapid development of information technology has made generating cryptocurrencies and fast, cheap and uncontrollable transactions using virtual space possible. Among virtual currencies, Bitcoin is considered to be a major challenge for traditional financial operations, and especially for the fight against money laundering and terrorist financing. This article presents the following points of discussion: the spectacular appearance of Bitcoin, its exponential evolution, its popularity, its growing demand, lack of anonymity and predictability, the cross-border nature of transactions.
