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Analysis of the Possibilities of Implementing Bitcoin and Other Cryptocurrency Payments at the University

In: Advances in Digital Marketing and eCommerce

Author

Listed:
  • Juraj Fabus

    (University of Zilina)

  • Miriam Garbarova

    (University of Zilina)

  • Iveta Kremenova

    (University of Zilina)

  • Lukas Vartiak

    (Comenius University)

Abstract

The study aims to analyze the possibility of introducing payment gateways for payments at universities and the introduction of bitcoin as a means of payment at universities. The study describes the differences between the most used virtual currencies regarding payment options. The most widely used virtual currencies are Bitcoin, Litecoin, and Ethereum. Subsequently, we compare the advantages and disadvantages of introducing cryptocurrency as a payment option and the general advantages and disadvantages of e-payments. The study’s outcome is the selection of a payment gateway for making payments by cryptocurrencies. To achieve the set goals, we needed to examine the theoretical foundations of the issue, evaluate the current situation around payment and cryptocurrency payments, and compare the most used cryptocurrencies. Subsequently, we analyzed the payment options available in Slovakia and used cryptocurrency payments.

Suggested Citation

  • Juraj Fabus & Miriam Garbarova & Iveta Kremenova & Lukas Vartiak, 2023. "Analysis of the Possibilities of Implementing Bitcoin and Other Cryptocurrency Payments at the University," Springer Proceedings in Business and Economics, in: Francisco J. Martínez-López (ed.), Advances in Digital Marketing and eCommerce, pages 91-96, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-31836-8_12
    DOI: 10.1007/978-3-031-31836-8_12
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