CRYPTOCURRENCY MARKET AS A SYSTEM

V. G. Soslovskyi, І. O. Kosovskyi

Abstract


The article considers the conditions of market cryptocurrency genesis to explain the reasons for the creation and use of alternatives to traditional systems of payment. Determined that cryptocurrency is an innovation in financial technologies, patterns of performance, features, advantages and threats by using insufficiently studied. It is noted that the development and improvement of existing methods of payments are necessary and inevitable. It is noted that the cryptocurrency market should be considered as an open, complex, stochastic, dynamic, controlled economic system with a number of inputs and outputs. Emphasized that integration occurs between virtual and real sectors of the economy, and institutions should use adaptive approach to ensure the success of future activities.

Keywords


cryptocurrency; cryptocurrency market; systems approach; finance, bank; bank system

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DOI: https://doi.org/10.18371/fcaptp.v2i21.91065

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Copyright (c) 2017 V. G. Soslovskyi, І. O. Kosovskyi

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ISSN (print) 2306-4994, ISSN (on-line) 2310-8770