THE RISE OF CRYPTOCURRENCIES AND THEIR POTENTIAL TO DISRUPT TRADITIONAL FINANCIAL SYSTEMS
DOI:
https://doi.org/10.21276/IERJ24288223747049Keywords:
Cryptocurrencies, Inflation, Financial Systems, Blockchain, Decentralization, RegulationAbstract
This research investigates the impacts of cryptocurrencies on traditional financial systems and how their introduction has influenced modern financial policies. The paper employs a qualitative analysis of published research, including historical cryptocurrency data, macroeconomic policy data, and the inflationary and deflationary effects of cryptocurrencies. Additionally, it examines the impacts on central banking policies, user experiences, and overall cash flow within the economy. The findings provide a comprehensive overview and deeper understanding of how cryptocurrencies are reshaping contemporary financial systems.
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