Further Analysis of Bitcoin, Fintech, and P2P Lending: Perspectives and Recommendations from Industry 4.0

In several countries in the world, Bitcoin and P2P lending have been accepted and developed strongly. This study aims to evaluate the suitability, pros, and cons of Bitcoin, Fintech, P2P lending, and its platform in emerging markets such as Vietnam. The research used qualitative analysis combined with data collection method published, statistics, analysis, synthesis, comparison, to generate qualitative comments and discussion; evaluate results, the article analyzed and evaluated the impacts of Fintech, P2P lending, and Bitcoin and virtual currency on society of Vietnam, both positive and negative sides. It was found that we need to improve regulations on Fintech and shadow banking to overcome the weaknesses of commercial banks, to reduce risks as many nations in the world accept it. Experiences of other countries such as the United States, Japan, China, or the developed countries of the European Union and consequences for the economy became a lesson for well as developing countries. Hence, we need to implement risk management plans to reduce technological and IT risks. Proper solutions and development orientation as well as risk management for Bitcoin and cryptocurrencies are suggested. Last but not least, the research was limited to the case of Vietnam; hence, we can expand research to other Asian countries or other emerging markets.