Abstract:
The concept of E-business, along with E-commerce, has been developed due
to the expansion of communications system. The concept of E-commerce has
first appeared in the 1970s. E-commerce represents a portion of electronic
commerce, being a multidisciplinary concept of trading in products and
services, as well as paying for them, using the internet via virtual market. Ecommerce
has expanded on a global level significantly during the last decade,
and it still shows great potential in growth and development. One of the immediate
consequences of growth of electronic commerce is a greater need for
a type of virtual money that can be used as an instrument of payment. The
year 2009 marked the appearance of a revolutionary virtual currency named
Bitcoin, a decentralized digital cryptocurrency. Bitcoin is actually the first
virtual currency that has gained the trust of its users and in that way managed
not only to survive, but to secure a significant presence in the place of
online market transactions. This paper aims to point out both the positive
and negative impacts Bitcoin has on E-commerce, as well as its influence on
the greater macroeconomic and political plan.
CITATION:
IEEE format
M. Redžović, J. Novaković, “The Impact of Virtual Money on E-Commerce,” in Sinteza 2016 - International Scientific Conference on ICT and E-Business Related Research, Belgrade, Singidunum University, Serbia, 2016, pp. 474-478. doi:10.15308/Sinteza-2016-474-478
APA format
Redžović, M., Novaković, J. (2016). The Impact of Virtual Money on E-Commerce. Paper presented at Sinteza 2016 - International Scientific Conference on ICT and E-Business Related Research. doi:10.15308/Sinteza-2016-474-478