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As the world of information and communication expands at a dizzying rate, more and more of our everyday routines are moving online, where they can be performed with greater ease and efficiency. Cryptocurrencies are digital representations of valuable intangibles utilised in a variety of online applications and networks, from social media and online gaming to virtual economies and peer-to-peer systems. In recent years, virtual currency’s adoption has skyrocketed across a wide range of platforms. Cryptocurrency is a decentralised digital currency that uses an encrypted peer-to-peer network to facilitate digital trade. In its role as a disruptive technology, Bitcoin, the first and most popular cryptocurrency, is challenging the status quo of traditional financial payment methods that have remained mostly unchanged for decades. Even though cryptocurrencies aren’t going to replace fiat currency anytime soon, they have the potential to alter the way in which Internet-enabled global markets interact with one another by removing the restrictions surrounding standard national currencies and exchange rates. This article delves at the wide-ranging effects of Bitcoin and other cryptocurrencies on current banking structures and the possible disruptions they could cause in the future. To better comprehend the economic ramifications of cryptocurrencies and block chain technology and how they can affect future economic systems, this study is a great resource for policymakers, financial professionals, and academics.

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Cryptocurrencies and Their Economic Implications: Analyse the Impact of Cryptocurrencies Like Bitcoin on Traditional Financial Systems, Including Their Potential to Disrupt Traditional Banking and the Role of Blockchain Technology in Creating Decentralised Economies

  • 会议论文

  • 发表日期：

    2025年

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  • Priti Rai,
  • Deepa Gupta,
  • Mukul Gupta

摘要

As the world of information and communication expands at a dizzying rate, more and more of our everyday routines are moving online, where they can be performed with greater ease and efficiency. Cryptocurrencies are digital representations of valuable intangibles utilised in a variety of online applications and networks, from social media and online gaming to virtual economies and peer-to-peer systems. In recent years, virtual currency’s adoption has skyrocketed across a wide range of platforms. Cryptocurrency is a decentralised digital currency that uses an encrypted peer-to-peer network to facilitate digital trade. In its role as a disruptive technology, Bitcoin, the first and most popular cryptocurrency, is challenging the status quo of traditional financial payment methods that have remained mostly unchanged for decades. Even though cryptocurrencies aren’t going to replace fiat currency anytime soon, they have the potential to alter the way in which Internet-enabled global markets interact with one another by removing the restrictions surrounding standard national currencies and exchange rates. This article delves at the wide-ranging effects of Bitcoin and other cryptocurrencies on current banking structures and the possible disruptions they could cause in the future. To better comprehend the economic ramifications of cryptocurrencies and block chain technology and how they can affect future economic systems, this study is a great resource for policymakers, financial professionals, and academics.