38th Annual Student Research Conference
Digital Currencies
Nicholas M. Rausch*, Aaron Clevenger, and Riccardo Crapanzano
Prof. Charles Boughton , Faculty Mentor
The use of digital currencies within the finance industry has grown rapidly in recent years. There are currently over 10,000 crypto currencies worldwide. There has also been the development of central bank digital currencies, or CBDC’s. These banks are used only for digital currencies, making it easier to make transactions and transfers. Not only will we be talking about the use of digital currencies in this paper, but we will also discuss the risks and challenges that come along with them. Things like how volatile the markets are, their potential to be misused, as well as government and financial institutions making the implementation of central banks and digital currencies more challenging. We will also look at how the use of digital currencies will cause changes in our economy both short-term and long-term. Companies have to adapt in order to keep up with the constantly transforming market.
Keywords: Cryptocurrency, Banking, Risks, Economy
Topic(s):Business Administration
Presentation Type: Oral Presentation
Session: 201-3
Location: SUB 3201
Time: 10:45