FIELDS OF POTENTIAL USE OF CRYPTOCURRENCIES IN THE PAYMENT SERVICES MARKET IN POLAND – RESULTS OF AN EMPIRICAL STUDY

Journal Title: Copernican Journal of Finance & Accounting - Year 2016, Vol 5, Issue 2

Abstract

The payment services market in Poland is particularly open to new payment solutions. The most important financial innovations of the recent years include cryptocurrencies. Bitcoin is the most well-known of them and its applications cover payments and investments. The article aims to determine the potential for using cryptocurrencies in individual segments of the payment services market in Poland. The paper considers the following research hypothesis: Representatives of the financial sector see a potential for a widespread use of cryptocurrencies in the payment services sector in Poland. The aim of the paper was achieved and the hypothesis verified on the basis of selected results of a survey among representatives of institutions operating in the financial market in Poland. The study, primarily carried out by the author, presents the opinions of experts representing the broadly understood community of professionals from the payment services market in Poland. Their views concern the directions in which innovations in the payment services sector may develop and the prospects for the use of cryptocurrencies in that area.

Authors and Affiliations

Anna Iwona Piotrowska

Keywords

Related Articles

CAN MANDATORY DIVIDEND POLICY REDUCE THE AGENCY COST OF LISTED COMPANIES? MODEL ANALYSIS AND EMPIRICAL TEST IN CHINA

In this research, the mixed strategy complete information static game was adopted to explain the effect of mandatory dividend policy on agency cost, and Chinese mandatory dividend policy introduced in 2011was regarded as...

THE JOINT EFFECT OF BORROWER TARGETED MACROPRUDENTIAL INSTRUMENTS AND CAPITAL REGULATIONS ON PROCYCLICALITY OF LOAN-LOSS PROVISIONS

We analyze the effects of macroprudential policy and micro-prudential capital regulations on the procyclicality of loan-loss provisions, using individual bank information from over 65 countries. In this study we test whe...

FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR

Healthcare sector is identified as particularly vulnerable to digital data breaches and damages caused by illegal use of personal and confidential information. Facing such dangerous threat medical entities need to estima...

The usefulness of financial reporting for financial instruments in the decision-making processes of individual investors

This study focuses on the issue of usefulness of financial reporting for financial instruments in the decision-making processes of individual investors. Dynamic development of financial instruments, identified difficulti...

A Solution To Eradicate Jobless Growth: Meritocracy

World economy showed an important development after 9/11. With the transition of neoliberal economy programs, employment around the world had increased until 2008 global financial crisis. Because of the devastation effec...

Download PDF file
  • EP ID EP192442
  • DOI 10.12775/CJFA.2016.023
  • Views 77
  • Downloads 0

How To Cite

Anna Iwona Piotrowska (2016). FIELDS OF POTENTIAL USE OF CRYPTOCURRENCIES IN THE PAYMENT SERVICES MARKET IN POLAND – RESULTS OF AN EMPIRICAL STUDY. Copernican Journal of Finance & Accounting, 5(2), 201-217. https://europub.co.uk/articles/-A-192442