An Overview of Cryptocurrencies for Online Payments of Enterprise Systems

Abstract

Cryptocurrencies have evolved erratically and at unprecedented speed over the course of their short lifespans. Since the inception of Bitcoin in 2009, more than 1600 cryptocurrencies have been developed, with majority of them witnessing success in the market. With the advent of cryptocurrencies, the possibility of online trading has reached new heights. Thus, this chapter focuses on enterprise cryptocurrencies and provides a thorough analysis of the various opportunities that lie with the use of cryptocurrencies for online payments. This chapter is presented as there is a need to draw a fine line between using fiat currencies and using cryptocurrencies for online transactions. It is also important as there is not much research done on using cryptocurrencies in enterprise systems, and so this will give a fair idea to researchers and organizations and help them in making decisions while making corporate payments. We are basing our research using grounded theory, and our research will focus on the certainty of using cryptocurrencies.