Article detail · 2021
The Evaluation of Block Chain Technology within the Scope of Ripple and Banking Activities
Journal of Central Banking Theory and Practice
- Year
- 2021
- ISSN
2336-9205- Type
- article
Data source split
- YÖKSİS YÖKSİS article record
- OpenAlex OpenAlex enrichment (abstract, citations, topics)
Abstract
English (OpenAlex)
Abstract Technological developments have always led to changes in all aspects of our lives. Crypto currency is one of those changes. As a result of those changes, thousands of currencies such as bitcoin, ripple, litecoin and ethereum have evolved and have found a use in business. The present study focuses upon Ripple and tries to explain its effects on banks and business theoretically. It has been stated that the money transfer performed through Ripple is faster and more economical when compared to present systems. Additionally, it has been realised that the present SWIFT system has been influenced by that speed and economy, and therefore taken considerable technologic steps with an effort to improve its system.
Topics
- Blockchain Technology Applications and Security
- Market Dynamics and Volatility
- Currency Recognition and Detection
Primary topic Blockchain Technology Applications and Security