descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Other literature type 01 Jan 2018 English Publisher:Springer International Publishing

Authors: Rosario Girasa;

doi: 10.1007/978-3-319-78509-7_1 , 10.1007/978-3-031-21812-5_1

The Digital Transformation

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Abstract

We commence the text with an introduction to the latest technological innovations in financial transactions, namely, the development of virtual currencies as exemplified by Bitcoin. The question arises concerning the nature of money with a brief historical overview followed by the reasons for the advent and rise of virtual currencies We examine the types of virtual currencies, the key actors that constitute the innovations, and the benefits and risks thereof in substantial detail. We close with the views expressed by two Nobel laureates of economics.

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Pace University
United States

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