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 104
- Downloads 0
Conceptual Approaches to Identification of Threats to the Development of Tourism in Ukraine
Using the conducted expert survey as a basis, the author carried out identification, focused description, and comparative analysis of threats to the development of tourism in Ukraine It allowed establishing that the most...
Prospects for the Development of the Fusion Energy Industry in the Developed Countries of the World and in Ukraine
The article discusses the primary directions and issues in the development of the fusion energy industry in the world and in Ukraine. Nuclear power-engineering based on uranium and plutonium fission was established to be...
Improvement of terminological approaches to innovation notion definition
The article traces evolution of the innovation notion, generalises different approaches to its definition as a basic notion in the innovation sphere and conducts their critical study and analysis. It reveals specific fea...
Diagnostic of the Financial, Industrial, Labor, Socio-Economic and Innovation and Investment Potentials and Analysis of the Enterprise Potential Risks under Conditions of Uncertainty
In the article the system of diagnostic of the financial, industrial, labor, socio-economic and innovation and investment potential of the enterprise is developed. It has been determined that the key business indicators...
Financial Information as a Factor in Creation of the Value Added in the Innovation Market Economy
The objective of the work consists in studying financial information as a factor in creation of the value added in the innovation market economy. The innovation market economy is characteristic of the developed informati...