Crypto Currency Based Financial Transaction Management System

Abstract

Background: Crypto currencies are digital currencies operating on a decentralized platform and have become increasingly popular recently. This research aims to explore the potential of cryptocurrency-based financial transaction management systems as an alternative to traditional economic methods, evaluating their potential benefits and drawbacks.

Methodology: The study employs a quantitative research approach, utilizing a survey of 50 respondents to analyze the attitudes and perceptions of individuals towards crypto currency-based financial transaction management systems. The survey consists of Likert scale questions designed to evaluate the security, transaction speed, cost-efficiency, and potential for disruption of traditional economic systems associated with crypto currency-based financial transaction management systems.

Conclusion: The research concludes that cryptocurrency-based financial transaction management systems have the potential to offer faster and more cost-efficient transactions with improved security compared to traditional economic methods. The survey responses indicate that respondents strongly agree with the potential benefits of cryptocurrency-based financial transaction management systems, including their high level of security, transaction speed, and potential to disrupt traditional economic systems. Implications: Policymakers and regulators must address these concerns and create a regulatory framework that balances innovation and risk management.