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The digital currency challenge : shaping online payment systems through U.S. financial regulations
Author
Title
The digital currency challenge : shaping online payment systems through U.S. financial regulations / Philip Mullan.
ISBN
9781137382559
1137382554
Publication
[Basingstoke] : Palgrave Macmillan, 2014.
Physical Description
1 online resource.
Local Notes
Access is available to the Yale community.
Access and use
Access restricted by licensing agreement.
Summary
Private online digital currency systems offer people accessible, convenient, and inexpensive everyday financial tools outside of traditional bank-owned and operated platforms. Digital currency systems facilitate local and international fund transfers, online and offline payments, and simple cash-to-digital everyday financial products without the need for a conventional bank account of any retail bank product. Over the past several years, Bitcoin has grown into an efficient person-to-person and person-to-business payment system without the backing of any bank or financial institution. This phenomenon is producing a new level of an on- and offline commerce and a society much more attuned to digital currency systems. The Digital Currency Challenge details how new 2007-2008 U.S. legal issues surrounding digital currency products forced companies from the U.S. market and caused the Treasury Department to enact stricter regulations. Mullan profiles new and innovative present day digital currency systems, such as Bitcoin, and illustrates how software designers and monetary theorists use new technology to circumvent current U.S. regulations. This work also explains how new digital currency systems are not just software products, but tools providing financial freedom to people in countries all around the world.
Variant and related titles
Palgrave Economics & Finance collection 2014.
Other formats
Print version: Mullan, Philip. Digital Currency Challenge : Shaping Online Payment Systems through U.S. Financial Regulations. New York : Palgrave Macmillan, ©2014
Format
Books / Online
Language
English
Added to Catalog
April 19, 2018
Contents
Section I. The Birth of An Industry
1 Introduction : Solving global payment issues with private digital currency
2 Pros and cons of early ecash products
3 Getting started with digital currency
4 Conventional bank payments vs private digital currency
5 The economics & theory behind new digital currency systems
6 Building better money
7 Establishing the environment for community and commercial applications
8 Integrating new digital currency financial products into retail consumer markets
9 Scaling existing digital currency payment systems for global use
Section II. Shaping Systems through Financial Regulations
10 Introduction : The developing social, technological and global trends that are reshaping personal financial services
11 How proactive regulatory action can improve the development of future systems
12 Pros and cons of regulatory changes in global digital currency systems
13 The outcome of interaction with U.S. regulatory agencies
14 Software and technology operating behind the regulatory curve
15 Benefits of new software structures in retail commercial markets
16 The high cost of ignoring regulations
Section III. Emerging Markets
17 Building the perfect digital payment system
18 Defining the core design elements that will drive future growth
19 New product marketing for personal and commercial customers
20 Avoiding past issues and regulatory pitfalls
21 Employing a person-2-person approach in creating new digital currency structures
22 How previous business outcomes can change the implementation of any new digital currency system.
23 Practical currency system designs for future commercial markets
24 The economics and theory of future digital currency systems.
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