The evaluation of block chain technology within the scope of ripple and banking activities

Erdogan Kaygin, Yunus Zengin, Ethem Topcuoglu, Serdal Ozkes

Technological developments have always led to changes in all aspects of our lives. Crypto currency is one of those changes. As a result of those changes, thousands of currencies such as bitcoin, ripple, litecoin and ethereum have evolved and have found a use in business. The present study focuses upon Ripple and tries to explain its effects on banks and business theoretically. It has been stated that the money transfer performed through Ripple is faster and more economical when compared to present systems. Additionally, it has been realised that the present SWIFT system has been influenced by that speed and economy, and therefore taken considerable technologic steps with an effort to improve its system.

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Year of publication:	2021
Authors:	Kaygin, Erdogan ; Zengin, Yunus ; Topcuoglu, Ethem ; Ozkes, Serdal
Published in:	Journal of central banking theory and practice. - Warsaw : De Gruyter Open, ISSN 2336-9205, ZDB-ID 2675850-7. - Vol. 10.2021, 3, p. 153-167
Subject:	Ripple \| Bitcoin \| block chain \| crypto currencies \| banking and Ripple \| SWIFT \| Virtuelle Währung \| Virtual currency \| Bank \| Lieferkette \| Supply chain

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.2478/jcbtp-2021-0029 [DOI] hdl:10419/299027 [Handle]
Classification:	M15 - IT Management ; M21 - Business Economics ; M48 - Government Policy and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

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