The Impact of Digital Currencies on Global Trade Dynamics
Keywords:
digital currencies, global trade, Bitcoin, Ethereum, regulationAbstract
This study analyzes the influence of digital currencies, such as Bitcoin and Ethereum, on global trade. By examining transaction speeds, costs, and regulatory challenges, the research highlights how digital currencies reshape trade patterns. The study employs a mixed-methods approach, combining quantitative data analysis with qualitative interviews from industry experts. Findings suggest that digital currencies facilitate faster and cheaper cross-border transactions, potentially bypassing traditional economic barriers. The paper also discusses potential risks, including regulatory hurdles and market volatility, and suggests strategies for policymakers to harness these technologies effectively. The implications for developing economies are particularly considered, offering insights into inclusive growth.
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