CRYPTOCURRENCY AS A MEANS OF PAYMENT: A REVIEW

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Published: 2022-06-02

DOI: 10.56557/jet/2022/v7i17702

Page: 11-14


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


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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