DIGITAL CURRENCY IN INTERNATIONAL TRADE

Abstract

What led to the meteoric growth and popularity of cryptocurrencies, primarily Bitcoin? What concepts preceded the development of modern cryptocurrencies? What is blockchain and what is the architecture of different distributed public ledgers? What is the use value of digital money in everyday transactions and what is the use value in international trade exchange? This paper tries to answer the above questions and decipher the highly complex technical jargon that usually accompanies the topic of digital money.