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Crypto currency as an Enabler for Inclusive Payments - a PEST Analysis

Issue Abstract

Abstract

Paper Type: Research paper 
  The United Nations 2030 Sustainable Development Goals envision big data analytics, block chain management and thus pave the way for crypto currency, a version of digital money that works through support of cryptography. Comprehensive settlement of crypto currencies as a medium of exchange empirically researched and tested measure of value. The political, economic, social and technological potential of crypto currencies to be accepted as a comprehensive form of payment is made possible through PEST analysis. Although India has not accepted crypto currencies in settling the global balance of payments, there are still serious discussions on the matter. A pilot study
was conducted with 50 samples using the subjects as bank employees in the city of Palakkad. The results of the pilot study demonstrate how difficult it is to track transactions when the reference is lost (lack of control), how dependent the speed of the transaction is on other events (reliability), how complex the associated infrastructure is, how our portfolio can determine the existence of money (knowledge), and which security variable is the most conservative of the 17 variables examined.

Keywords: E-Wallets, Crypto currencies, Common Currencies, Transaction Traceability, Technology Expertise, PEST Analytics. 


Author Information
Dr Brinda Kalyani P R
Issue No
9
Volume No
9
Issue Publish Date
05 Sep 2023
Issue Pages
24-32

Issue References

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