While advances in information technology and communications have been under way for many decades, the past decade has ushered in truly far-reaching changes. engender greater financial inclusion and economic growth. The study specific objective was to gain an understanding of bitcoins used by banks in Zimbabwe; to find out if Bitcoins can solve liquidity crunch in Zimbabwe, to ascertain factors that influence the adoption of bitcoins by banks in Zimbabwe. cryptocurrency market arose only in the early 2010 s. (after the global financial and economic crisis of 2008-2009), which shows that there is no historical retrospective of the impact of the global economic crisis on the cryptocurrency market. Some argue that cryptocurrency will negatively impact the global economy, particularly the developing ones, as it removes the need for intermediaries like banks. - Alternative methods: Buying cryptocurrency is not the only way to own cryptocurrency. What Is the Economic Impact of Cryptocurrency? - Pelicoin Bitcoin ATM reaching economic consequences across sectors, resulting in the widespread loss of lives, livelihoods and incomes. Cryptocurrency in Nigeria: The impact and legal implications on the economy The first crypto currency discussed in this paper as an example is Bitcoin which is technically, "an algorithm that records an ongoing chain of transac-tions between members of a decentralized peer-to-peer network and broad-casts these records to all members of the network" (Ammous, 2015, p. 19). which offer lending cryptocurrency which makes it hard for the currency to be used to facilitate credit. PDF Cryptocurrency: an Overview on Its Impact on Indian Economy - Ijcrt CRYPTOCURRENCIES_AND_NIGERIA_ECONOMY.pdf - See discussions, stats, and ... impact of cryptocurrency on economy pdf (PDF) Economic Consequences of Cryptocurrencies and Associated ... The Good Side of Crypto: The Potential, Positive, Global Effects of ... Here you will know about how cryptocurrencies affect the global economy. The current approach towards cryptocurrencies makes it near-impossible for blockchain entrepreneurs and investors to acquire much economic benefit. network can be used for illegal activity, and the value of the cryptocurrency can uctuate wildly with changes in expectations about its future success, limiting its use as an e ective medium of exchange. BITCOIN - ITS ECONOMIC IMPACTS A term paper by: Rahul Gaikwad (4022/20) Amit Pratap Singh (4008/20) under the guidance of Prof Parthapratim Pal fWhat is Bitcoin Bitcoin is a cryptocurrency. The transaction fee is pretty low as compared to other modes of payment. Of course, the cryptocurrencies are affecting the global economy, in many different ways. PDF The Effect of Cryptocurrencies on Nigeria Economy - Ieeesem