engleski

Acceptance bitcoin as digital currency in Croatia

Money that has so far passed a large number of evolutionary processes of goods, metal, paper up to the information in the computer memory, the value especially given the trust of its users. Modern life as we know it would be unthinkable without cash and electronic money. Under the influence of globalization and the development of Internet trading technology gets more and more importance, a phenomenon cryptocurrencies like Bitcoin lead to revolutionary changes in the financial world, presenting a sort of challenge to banks and all other interested parties. Searching for alternatives in light of the financial business becomes commonplace, a Bitcoin as a platform represents a good basis for the development and construction of new innovation where each user contributes to the creation of its value through a decentralized system of global networks. Its worth is determined by supply and demand in the market and the willingness of others to accept it as legal tender. Bitcoin technology includes features based on protocols, encryption and digital signature, which requires a certain level of IT knowledge and equipment to use. Despite the kind of risks in doing business with Bitcoin, Bitcoin every day becomes stronger, more robust and globally is gaining more supporters. Due to the increasing popularity of virtual currency aim of the paper is to investigate and analyze the Bitcoin system, based on primary research through a questionnaire to determine what kind of information to patients about Bitcoin, options trading and mining it and how Bitcoin trading at all represented in the Republic of Croatia. Given the speed of developments in technology, it is very likely that the market will play money in the future and continue to grow, and advocates of the concept of Bitcoin will face the potential ups and downs of this for now still unpredictable option to transfer money.

cryptocurrencies ; Bitcoin ; Internet trading ; digital currency ; globalization

Zbornik je indeksiran u Web of Science, EBSCOhost, EconPapers, Thomson Reuters