Decentralised Monetary Systems
31 Pages Posted: 3 Feb 2020
Date Written: December 5, 2019
Digital currencies are rising in popularity owing to their purported benefits and the speculative profits that investors are making in the market. These currencies, though decentralised in substance, can be purchased or traded across multiple digital currency platforms. In Africa, these platforms are still at the nascent stages of growth and development, but evidence suggests a burgeoning potential in developing markets. This paper serves as an introductory guide to the market, its prominent currencies as well as some of its key characteristics.
Keywords: Digital Currencies, Decentralised Monetary Systems, Blockchain Technology
JEL Classification: E42, E52, G18
Suggested Citation: Suggested Citation