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Revolutionieren Kryptowährungen die Zahlungssysteme?

Author

Listed:
  • Walter blocher

    (Universitaet Kassel)

  • Andreas Hanl

    (Universitaet Kassel)

  • Jochen Michaelis

    (Universitaet Kassel)

Abstract

The development of cryptocurrencies such as Bitcoin after the global financial crises from 2007 onwards has put the financial sector into trouble. Some voices even speak of the possibility of abolishing cash. This article shows, first, whether and to what extent cryptocurrencies can replace cash, second, to what extent they change non-cash payment systems, and third, which obstacles have to be overcome on the way to large acceptance. We shall first scrutinize the financial sector's response to the multifaceted phenomenon of the Distributed Ledger Technology (“blockchain”).

Suggested Citation

  • Walter blocher & Andreas Hanl & Jochen Michaelis, 2017. "Revolutionieren Kryptowährungen die Zahlungssysteme?," MAGKS Papers on Economics 201748, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    • Handle: RePEc:mar:magkse:201748
    as

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    File URL: http://www.uni-marburg.de/fb02/makro/forschung/magkspapers/paper_2017/48-2017_blocher.pdf
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    References listed on IDEAS

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    Cited by:

    1. Andreas Hanl, 2019. "Waehrungswettbewerber Facebook: Oekonomische Implikationen der Corporate Cryptocurrency Libra," MAGKS Papers on Economics 201930, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    2. Andreas Hanl & Jochen Michaelis, 2019. "Digitales Zentralbankgeld als neues Instrument der Geldpolitik [Central Bank Digital Currency as a New Instrument of Monetary Policy]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 99(5), pages 340-347, May.
    3. Max Fuchs, 2022. "CBDC as Competitor for Bank Deposits and Cryptocurrencies," MAGKS Papers on Economics 202210, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

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    More about this item

    Keywords

    Bitcoin; Cryptocurrency; digital Currency; Blockchain; Distributed Ledger Technology; Payment System;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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