The Evaluation of Block Chain Technology within the Scope of Ripple and Banking Activities
| Autor: | Yunus Zengin, Erdoğan Kaygin, Ethem Topçuoğlu, Serdal Özkes |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
Cryptocurrency Scope (project management) HG1501-3550 ripple Strategy and Management m21 Ripple bitcoin m15 m48 Banking swift Money transfer banking and ripple Business crypto currencies block chain General Economics Econometrics and Finance Finance Industrial organization Block (data storage) |
| Zdroj: | Journal of Central Banking Theory and Practice, Vol 10, Iss 3, Pp 153-167 (2021) |
| ISSN: | 2336-9205 |
| DOI: | 10.2478/jcbtp-2021-0029 |
| Popis: | Technological developments have always led to changes in all aspects of our lives. Crypto currency is one of those changes. As a result of those changes, thousands of currencies such as bitcoin, ripple, litecoin and ethereum have evolved and have found a use in business. The present study focuses upon Ripple and tries to explain its effects on banks and business theoretically. It has been stated that the money transfer performed through Ripple is faster and more economical when compared to present systems. Additionally, it has been realised that the present SWIFT system has been influenced by that speed and economy, and therefore taken considerable technologic steps with an effort to improve its system. |
| Databáze: | OpenAIRE |
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