THE IMPACT THAT CRYPTOCURRENCIES HAVE ON THE PROFITABILITY OF SMALL BUSINESSES
In the global financial environment, cryptocurrencies have become a disruptive force that offers possibilities as well as problems for firms in numerous industries. The incorporation of cryptocurrencies into small businesses' operations has gained more attention in recent years as a way to b...
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| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
| Published: |
University of Oradea
2023-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2024/02/AUOES.July_.202335.pdf |
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| Summary: | In the global financial environment, cryptocurrencies have become a disruptive
force that offers possibilities as well as problems for firms in numerous industries. The
incorporation of cryptocurrencies into small businesses' operations has gained more
attention in recent years as a way to boost their profitability. This study paper intends to
provide a thorough examination of the effects of cryptocurrencies on the profitability of
small businesses, illuminating the numerous aspects and ramifications of cryptocurrency
adoption, but also emphasizing its consequences for the financial performance of small
firms, with the aim to fill the knowledge vacuum, as well as to provide insights into the
potential and constraints connected with cryptocurrencies in the small company
environment by examining revenue generation, cost management, financial transactions,
and market growth. For a number of reasons, it is essential to comprehend how
cryptocurrencies affect the profitability of small businesses, and in order to accomplish the
goals of this study, a thorough analysis of the body of literature will be done, looking at
empirical research, case studies, and theoretical frameworks pertaining to the effect of
cryptocurrencies on small company profitability. This research study seeks to provide a
comprehensive grasp of the topic by combining the existing information. In order to learn
more about small company owners' experiences, difficulties, and possibilities related to
bitcoin adoption, as the main cryptocurrency so far, primary data were gathered via surveys
or interviews among them. The study adds to the body of information already available and
provide useful advice, as well as shared practical experience for academics, policymakers,
and small company owners who are interested in learning about the effects of bitcoin
integration on small business profitability. |
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| ISSN: | 1222-569X 1582-5450 |