Virtual currency – the problem of defining and classifying new means of payment Cover Image

Waluty wirtualne – problem zdefiniowania i klasyfikacji nowego środka płatniczego
Virtual currency – the problem of defining and classifying new means of payment

Author(s): Jakub Ryfa
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: virtual money; virtual currency; Bitcoin; virtual economy

Summary/Abstract: In the discussions about modern economy in the past few years, more attention has been given to virtual currencies and their increasing importance due to the wider usage. Virtual money partly owes its origin to virtual worlds computer games, thanks to them gaining in popularity. Pointing out the independence and innovation of this solution contributes to the development of further, improved currency system, operating on a much larger scale. Despite their dynamic development in a few years, little attention has been given to the proper definition of a new kind of means of payment. The purpose of this article is to classify the virtual currency in relation to already existing forms of money, systematizing existing knowledge and to develop a more complete definition describing modern virtual money.

  • Issue Year: 2014
  • Issue No: 2 (19)
  • Page Range: 138-147
  • Page Count: 10
  • Language: Polish