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Benefits from Using Bitcoin: Empirical Evidence from a European Country

Author

Listed:
  • Rainer Schmidt

    (Munich University of Applied Sciences, Munich, Germany)

  • Michael Möhring

    (Munich University of Applied Sciences, Munich, Germany)

  • Daniel Glück

    (Aalen University of Applied Sciences, Aalen, Germany)

  • Ralf Haerting

    (Aalen University of Applied Sciences, Aalen, Germany)

  • Barbara Keller

    (Aalen University of Applied Sciences, Aalen, Germany)

  • Christopher Reichstein

    (Aalen University of Applied Sciences, Aalen, Germany)

Abstract

Bitcoin is the most successful approach for establishing a currency outside of state supervision and government institutions. Besides, Bitcoin is very controversial discussed. Therefore, a further investigation of different aspects of the benefit of using Bitcoin should be realized in order to identify some core aspects of the digital currency Bitcoin. In this context, the study described in the following achievements is done. It shows that there exist key aspects, like dissemination as well as safety, which are important impact factors on users' benefit of using a digital currency like Bitcoin. In addition, it also gives implications for a further development of the topic and aspects for future research.

Suggested Citation

  • Rainer Schmidt & Michael Möhring & Daniel Glück & Ralf Haerting & Barbara Keller & Christopher Reichstein, 2016. "Benefits from Using Bitcoin: Empirical Evidence from a European Country," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 7(4), pages 48-62, October.
  • Handle: RePEc:igg:jssmet:v:7:y:2016:i:4:p:48-62
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    Cited by:

    1. Prosper Lamothe-Fernández & David Alaminos & Prosper Lamothe-López & Manuel A. Fernández-Gámez, 2020. "Deep Learning Methods for Modeling Bitcoin Price," Mathematics, MDPI, vol. 8(8), pages 1-13, July.

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