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  3. 2022 - Volume 7 [Issue 1]
  4. Review Article

CRYPTOCURRENCY AS A MEANS OF PAYMENT: A REVIEW

  •  BABAYEV HIKMAT
  •  NURULLAYEV JAVIDAN
  •  GARAYEVA VAFA

Journal of Economics and Trade, Page 11-14
DOI: 10.56557/jet/2022/v7i17702
Published: 2 June 2022

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Abstract


Cryptocurrencies are a new technology that has given impetus to the modernization of the entire economy. Already, a huge number of people use cryptocoins for payment, participate in their production and earn on market volatility.
To date, cryptocurrencies are at the stage of formation and improved versions are released annually, which try to eliminate the shortcomings in the technology. But it is already obvious to many experts that cryptocurrencies are the money of the future with great potential for development.


Keywords:
  • Digitalization
  • cryptocurrency
  • blockchain
  • bitcoin
  • altcoin
  • electronic payments
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How to Cite

HIKMAT, B., JAVIDAN, N., & VAFA, G. (2022). CRYPTOCURRENCY AS A MEANS OF PAYMENT: A REVIEW. Journal of Economics and Trade, 7(1), 11-14. https://doi.org/10.56557/jet/2022/v7i17702
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References

Available:https://academy.binance.com/ru/
Satoshi Nakamoto Bitcoin: A Peer-to-Peer Electronic Cash System.

Available:https://bitcoin.org/bitcoin.pdf

Available:https://academy.binance.com/ru/articles/crypto-payments-explained

Luther WJ. Demystifying Bitcoin.
Available: www.learnliberty.org/speakers/william-j-luther/

Garman MC, Green M, Rubin AD. Zerocoin: Anonymous Distributed E-Cash from Bitcoin Proceedings of the IEEE Symposium on Security and Privacy; 2013.

Zvyagin L. The digital economy and crypto-currencies: challenge or threat to traditional society. E-Management. 2018;(2):80-92. (In Russ.)
Available:https://doi.org/10.26425/2658-3445-2018-2-80-92

Voronov MP, Chasovskikh VP. “Blockchain – basic concepts and role in the digital economyˮ [“Blockchain – osnovnyye ponyatiya i rol v tsifrovoi ekonomikeˮ], Fundamental’nyye issledovaniya. 2017;9:30–35.

Nurullayev Javidan, Babayev Hikmat Impact of Digital Transformation on The Labor Market: A Review, Journal of Global Economics, Management and Business Research. 2021;13(4):92-96.
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