Finally! A simple yet extensive guide to the new form of money – the digital money of the future.
In the past several years, the rise of Bitcoin and a number of other cryptocurrencies have engendered much discussion (and consternation) in the business and tech worlds. While many have embraced the new currencies and the possibilities they offer, many others have issued dire warnings about the possibility for crime and hidden transactions.
In this timely book, R. S. Tumber takes a broad look at cryptocurrencies and at how they function. He begins with an overview of financial transactions and the characteristics that make cryptocurrencies unique. He goes on to discuss the implications for crime and the law, and examines current cryptocurrency legislation. The final chapter looks at the future of cryptocurrency and its myriad possibilities.
Can the adoption of cryptocurrency go mainstream across the globe? Let’s not forget that the founders of credit card systems once faced a similar issue to cryptocurrency – the so-called “chicken-and-egg” situation, whereby consumers were hesitant to use a new payment system if no merchants accepted it, and merchants were hesitant to sign up for a new system which consumers did not use. Bitcoin had a similar problem until large organisations, such as Virgin and Overstock.com began its integration.
The various elements and opportunities of this potential crypto-revolution need to be studied and taught.