Comparative study on cryptocurrency transaction and banking transaction

Gowda, Nandan; Chakravorty, Chandrani

doi:10.1016/j.gltp.2021.08.064

Cited by 21 publications

(8 citation statements)

References 5 publications

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“…According to Gowda and Chakravorty (2021), cryptocurrency creates a decentralized digital financial system built on cryptological computing. Meera (2018) argues that cryptocurrency is digital money created with sophisticated cryptographic technology.…”

Section: Development Of Cryptocurrencymentioning

confidence: 99%

Antecedents of loyalty to bank: The role of trust in cryptocurrency and concern in investing

Alifia,

Rafik

2024

J. Fokus Manaj. Bisnis.

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In recent years, cryptocurrency has become a topic frequently discussed by investors. Cryptocurrency is a type of digital money that was first intended to be used as a medium of exchange but has since evolved into an investment tool. This study examines the influence of cryptocurrency knowledge, trust in government, transaction speed, and herding behavior on trust in cryptocurrency. The impact of trust in cryptocurrency on concern about investing, the influence of trust in cryptocurrency on loyalty to banks, the influence of concern about investing on loyalty to banks, and the impact of trust in cryptocurrency on loyalty to banks mediated by concern about investing. The research respondents were from the general public, who knew about cryptocurrency, totaling 200 respondents. This study used a purposive sampling technique via Smart PLS. The results of this research show that cryptocurrency knowledge, transaction speed, and herding behavior positively affect trust in cryptocurrencies. By contrast, trust in the government does not significantly affect trust in cryptocurrencies. Trust in cryptocurrency has a negative effect on concern about investing, trust in cryptocurrency has a negative impact on loyalty to the bank, concern about investing has a positive effect on loyalty to the bank, and concern about investing mediates between trust in cryptocurrency and loyalty to the bank.

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Section: Development Of Cryptocurrencymentioning

confidence: 99%

Antecedents of loyalty to bank: The role of trust in cryptocurrency and concern in investing

Alifia,

Rafik

2024

J. Fokus Manaj. Bisnis.

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“…Kemudian untuk mengidentifikasi susunan hukum dan hubungan hukum maka referensi yang akan dibuat yakni norma-norma hukum seperti undang-undang, peraturan, prinsip, dan doktrin seperti yang diajarkan oleh para ahli di bidang hukum. 8 Pendekatan penelitian ini yaitu menggunakan pendekatan konseptual, pedekatan ini dipilih dalam rangka mencari jawaban atas isu-isu hukum dalam suatu penelitian hukum. Oleh karena itu, kesesuaian antara pendekatan dengan isu hukum merupakan pertimbangan utama dalam melakukan pemilihannya.…”

Section: B Metodologi Penelitianunclassified

Analisis Hukum Crytocurrency Kajian Fiqh Dan Fatwa-Fatwa Di Luar Negeri

Mufatzizah

2023

Justeko

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Cryptocurrency is the first application of blockchain technology, but the potential of this technology is not limited to the monetary system and its widespread adoption is still a worldwide topic causing many countries to hide this cryptocurrency. Here the author tries to assess crypto assets based on studies of fikih and fatwa abroad. In this study the authors used sociological legal research, this research method serves to see the law in a real sense and examine how the law works in society. To analyze existing theories, this study uses a conceptual approach to analyze existing theories so that solutions to legal problems can be found. The results in this study are that there are two thoughts, the first school of thought argues that cryptocurrencies can be used for payments, remittances, and storing assets as long as users know in detail the types of cryptocurrencies, the second opinion is prohibited in the eyes of Sharia because of excessive risks for individuals, countries and no clear laws. conclusions in this study. In the view of fikih scholars who allow it to refer to the understanding that fluctuations in crypto are not classified as gharar, especially for people who have cryptocurrency knowledge. from the results of the fatwa analysis of the permissibility of cryptocurrency, namely in Malaysia, LBM PWNU Yogyakarta Indonesia and in China in accordance with the fatwa and legal provisions, while those that prohibit it are in Middle Eastern countries and LBM PWNU East Java Indonesia.Keywords: Cryptocurrency, Fikih and Fatwa Studies

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“…A rough prediction of the future of NFTs can be made based on experience with cryptocurrencies. Although, from year to year, cryptocurrencies recorded a greater number of active operational solutions and an increasing number of users, at the same time, their separation from the traditional financial system grew (Gowda & Chakravorty, 2021;Wolf, 2022). Instead of becoming the electronic money of the new generation of the Internet, as initially conceived, cryptocurrencies are being implemented as an instrument of speculative investment.…”

Section: Weaknessesmentioning

confidence: 99%

Future Tendencies of Non-fungible Tokens

Tomić

Todorović

Jakšić

2023

Naše Gospodarstvo/Our Economy

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Blockchain has been one of the key innovations in information technology in the last 15 years. An important aspect of applying blockchain technology is the creation of so-called non-fungible tokens (NFTs). Although the name resembles cryptocurrencies because of the word token, in practice, NFTs do not represent electronic money but a digital certificate of ownership of an asset. They effectively behave like tokens whose total supply is one, and it is immutable. Considering their technical and conceptual basis, NFTs can be defined as digital certificates of ownership based on blockchain technology, the possession of which proves the indisputable ownership of the purchased digital asset. The subject of this paper is the conceptual basis of NFTs and the scope of their application in digital business. It aims to determine the value factors of NFTs and whether an expansion of their use can be expected in the future. The results of our research show that the essential advantage that NFTs bring to digital business is authentication. NFTs also enable the continuous collection of royalties by the author. The last, but potentially most powerful value generator of NFTs, is the creation of an ecosystem, where an online community is formed based on the initial forms of digital assets. Without standardization and regulation by states, NFTs will remain in the market niche of intensive Internet users.

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Comparative study on cryptocurrency transaction and banking transaction

Cited by 21 publications

References 5 publications

Antecedents of loyalty to bank: The role of trust in cryptocurrency and concern in investing

Antecedents of loyalty to bank: The role of trust in cryptocurrency and concern in investing

Analisis Hukum Crytocurrency Kajian Fiqh Dan Fatwa-Fatwa Di Luar Negeri

Future Tendencies of Non-fungible Tokens

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