Rise of Crypto Currency-Bitcoin and Impact on the Financial System

Abstract

A product of the 21st century, crypto-currency is a digital representation of a value that can be digitally traded and functions as a medium of exchange, a unit of account or store of value. Safety, simplicity, affordability, reachability, and transparency are advantages however, challenges such as fraud, complexity, money laundering plague Bitcoin, Lite coin, Dodge coin, Amazon coin,ethereum coin, Nemcoin, Libra, DC/EP coin.