Journal article
Revolutionieren Kryptowährungen die Zahlungssysteme?

Publication Details
Blocher, W.; Hanl, A.; Michaelis, J.
Publishing status:
Submitted for publication


The development of cryptocurrencies such as Bitcoin after the
global financial crises from 2007 onwards has put the financial sector into
trouble. Some voices even speak of the possibility of abolishing cash. This
article shows, first, whether and to what extent cryptocurrencies can replace
cash, second, to what extent they change non-cash payment systems, and third,
which obstacles have to be overcome on the way to large acceptance. We shall
first scrutinize the financial sector's response to the multifaceted phenomenon
of the Distributed Ledger Technology (“blockchain”).

Last updated on 2019-04-04 at 11:54