Using Cryptocurrency in the Activities of Ukrainian Small and Medium Enterprises in order to Improve their Investment Attractiveness
Journal Title: Проблеми економіки - Year 2016, Vol 2016, Issue 3
Abstract
The aim of the article is to analyze the main features of cryptocurrency with respect to the identification of main advantages and disadvantages of using cryptocurrency as a method of effecting cashless payments by small and medium enterprises in order to increase the level of their investment attractiveness. The article describes the basic characteristics of cryptocurrencies and Bitcon as the most common among them. The Bitcoin emission mechanism has been built and the dynamics of changes in the value, difficulty of its "extracting" or "mining", the market capitalization for 2009-2016 have been analyzed. In this connection the identified main trends and the relationship between the analyzed indicators are highlighted. The attitude of the authorities of different countries to "mining" and using cryptocurrency in calculations is shown, the monitoring of leading international financial institutions in terms of the use of Bitcoinis is carried out. In addition, the leaders among the existing cryptocurrency exchanges are determined, and the level of their market capitalization is shown, a comparative analysis of the traditional currency and cryptocurrency is conducted, an assessment of financial institutions that work with Bitcoin in Ukraine is performed, the attention being focused on the main advantages and disadvantages of using cryptocurrency in small and medium business. Taking into account all the positive aspects there justified the prospects of using the presented in the article finance cryptoinstruments, in particular Bitcoin, in order to improve the investment attractiveness.
Authors and Affiliations
Alla Ivashchenko
Keywords
Related Articles
- EP ID EP91030
- DOI -
- Views 73
- Downloads 0
Innovative Activities and Development of Industrial Enterprises of Ukraine: Problems of Statistical and Economic Analysis
The article substantiates that management of the innovative development processes of industrial enterprises requires corresponding analytical data which must be formed within the systems of statistical and economic analy...
Accounting and Analysis of Capital investments to Ensure the Production Process Development
The article deals with problems of developing the accounting and analytical support of making capital investments as a basis for the development of industrial enterprises. The aim of the article is the generalization and...
Economic sustainability of small construction enterprises of Ukraine: assessment, tendencies and prospects
The goal of the article is the study of economic sustainability of small construction enterprises of Ukraine on the basis of financial and economic indicators, which characterise financial, production and investment acti...
Socio-economic development of the City of Odessa in the context of strategic planning as a form of management of development of meso-systems
The article studies specific features of the domestic practice of strategic planning of economic and social development of territories of the meso-level from the positions of regulation of the issue in the country's legi...
Investment security of Ukraine: dynamics and forecast
The article considers dichotomy of the notion of security in its terminological application to investment processes. The author uses comparison and critical analysis of existing generally accepted approaches for offering...