Bitcoin and the Future of Digital Payments

By William J. Luther  This article appeared in the Winter 2016 issue of The Independent Review

Abstract

To become widely adopted, bitcoin and other alt-coins must overcome competition from existing, government-sponsored currencies and reduce the costs for consumers to switch to new payment systems. Until these challenges are met, digital currencies will therefore likely persist only as niche monies or substitutes for very weak currencies.

The full article will be posted six months after its initial print publication. In the meantime you may order this issue if you would like to read the full article.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s