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Crypto-Currencies €“ A Bet Of The Future

Author

Listed:
  • Elena ENACHE

    (Constantin Brancoveanu University of Pitesti, Romania)

  • Sorin ENACHE

    (Danubius University of Galati, Romania)

  • Cristian MOROZAN

    (Constantin Brancoveanu University of Pitesti, Romania)

Abstract

Although people are used to using money in physical form or through accounts, since 2009 a surprising and skeptical currency variant has emerged, called virtual currency, digital currency or cryptocurrency. In other words, with the advent of the virtual currency called bitcoin, the financial world has changed. The change is accepted in the real world, the proof being that after bitcoin many other currencies of this kind have appeared and appear constantly, many people look at them with confidence, invest in them and accept them as a means of payment. However, their existence is not yet regulated, and it is known that the currency is currently defined as a means of payment issued and guaranteed by a sovereign State or by the European Union through national banks or through the European Central Bank. For cryptocurrency no one guarantees! For now! More and more investors are wondering what cryptocurrencies are, how they can buy bitcoin, ethereum and others, what is the best time to buy them, where to learn about them, about ICOs, electronic wallets (wallet) and how they can turn virtual currencies into real money.

Suggested Citation

  • Elena ENACHE & Sorin ENACHE & Cristian MOROZAN, 2021. "Crypto-Currencies €“ A Bet Of The Future," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 6(3), pages 39-48.
    • Handle: RePEc:brc:brccej:v:6:y:2021:i:3:p:39-48
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    More about this item

    Keywords

    money; criptocurrency; virtual currency; electronic commerce; tehnology;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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