CRYPTOCURRENCY AS A MEANS OF PAYMENT: A REVIEW
BABAYEV HIKMAT *
Faculty of MBA, UNEC, Azerbaijan.
NURULLAYEV JAVIDAN
Faculty of Business Administration, ADA University, Baku, Azerbaijan.
GARAYEVA VAFA
Faculty of MBA, Istanbul University, Turkey.
*Author to whom correspondence should be addressed.
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