Can cryptocurrencies overtake the fiat money? Online publication date: Mon, 30-Mar-2020
by Avaneesh Jumde; Boo Yun Cho
International Journal of Business Performance Management (IJBPM), Vol. 21, No. 1/2, 2020
Abstract: Since the awakening of Bitcoin, the terms 'blockchain', 'cryptocurrencies' have become the buzz words. Cryptocurrencies were thought to be very promising and boomed feverously in the hope that it might be capable of replacing the traditional currency. On this background, the paper has following objectives: 1) to compare the fiat money with cryptocurrency; 2) to study the potential of cryptocurrency of being capable of replacing the fiat money; 3) to propose the framework to evaluate the sustainability of the possible candidates to be the dominating currency. The researchers have applied the analytic hierarchy process (AHP) method to derive ratio scales from paired comparisons and rated the expected performances for two alternatives. Nine factors were selected with the hierarchical structure to measure the relative performance of proposed candidates. The results found that fiat money is still preferred to cryptocurrency due to many reasons.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Performance Management (IJBPM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook