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Revolutionieren Kryptowährungen die Zahlungssysteme?


  • Walter blocher

    () (Universitaet Kassel)

  • Andreas Hanl

    () (Universitaet Kassel)

  • Jochen Michaelis

    () (Universitaet Kassel)


The development of cryptocurrencies such as Bitcoin after the global financial crises from 2007 onwards has put the financial sector into trouble. Some voices even speak of the possibility of abolishing cash. This article shows, first, whether and to what extent cryptocurrencies can replace cash, second, to what extent they change non-cash payment systems, and third, which obstacles have to be overcome on the way to large acceptance. We shall first scrutinize the financial sector's response to the multifaceted phenomenon of the Distributed Ledger Technology (“blockchain”).

Suggested Citation

  • Walter blocher & Andreas Hanl & Jochen Michaelis, 2017. "Revolutionieren Kryptowährungen die Zahlungssysteme?," MAGKS Papers on Economics 201748, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
  • Handle: RePEc:mar:magkse:201748

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    References listed on IDEAS

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    More about this item


    Bitcoin; Cryptocurrency; digital Currency; Blockchain; Distributed Ledger Technology; Payment System;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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