Cryptocurrencies as an alternative payment method for foreign currency invoices in international trade

Language: English

Published by GRIN Verlag, GRIN Verlag Dez 2024, 2024

3389098011 / 9783389098011

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This item is printed on demand - Print on Demand Titel. Neuware -Master's Thesis from the year 2024 in the subject Business economics - Investment and Finance, grade: 10, , language: English, abstract: The present study investigates the feasibility of implementing cryptocurrencies in the context of international trade, motivated by a real case of a Caribbean-based company facing challenges in acquiring US dollars to settle invoices in foreign currency. The findings of this study have significant implications for organizations facing similar challenges and contributes to the advancement of international trade payment practices. The aim of this study is to examine the use of cryptocurrencies as an alternative payment method for foreign currency invoices in companies engaged in international trade that encounter difficulties with foreign exchange conversion for the specified payment currency. Specifically, this refers to companies that, at times, are unable to convert their official currency into the target currency due to a lack of availability of the required foreign currency in the country. The research sought to understand how businesses perceive and utilize cryptocurrencies as potential solutions to FX availability issues. The methodology utilized a semi-open questionnaire distributed among stakeholders of companies involved in international trade. Data analysis combined qualitative and quantitative approaches to comprehend currency exchange challenges and cryptocurrency adoption trends. The findings unveiled a diverse landscape, with stakeholders representing different industries and countries participating in the study. A notable revelation is the significant proportion of organizations encountering issues stemming from the availability of foreign exchange (FX), prompting them to explore different solutions. Among the solutions considered, Bitcoin and stablecoins emerged as favored options, attributed to their potential to reduce transaction fees and improve security. However, regulatory uncertainty and the inherent volatility of cryptocurrencies presented great obstacles to widespread adoption. Cryptocurrency holds promise in addressing currency exchange challenges in international trade, particularly in regions plagued by FX shortages. Nevertheless, realizing its full potential necessitates collaborative efforts and informed strategies to navigate regulatory complexities and mitigate volatility risks. By doing so, stakeholders can harness the transformative power of cryptocurrency to reshape the global trade landscape effectively. [.] 36 pp. Englisch.…

Seller Inventory # 9783389098011

Title
Cryptocurrencies as an alternative payment method for foreign currency invoices in international trade
Author
Erik da Silva
Publisher
GRIN Verlag, GRIN Verlag Dez 2024
Publication year
2024
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3389098011
ISBN 13
9783389098011
Item weight
68 grams
Dimensions
210x148x4 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

5-star seller

AbeBooks seller since January 23, 2017

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Impressum Thorsten Retsch Buchversand Mimpf2000 Oberölschnitz 16 95517 Emtmannsberg Deutschland Telefon: 09209-2023188 Email: mimpf2000@online.de USt-ID-Nr.: DE 235096871 Wir führen gebrauchte Bücher aus allen Sparten der Literatur

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