Effects of Cryptocurrency Vulnerabilities on the International Trading Arena

Abstract

Cryptocurrency is a digital asset designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as control the creation of new units of a particular cryptocurrency. Cryptocurrency has become increasingly popular in recent years, with many people investing in it as an alternative to traditional forms of currency. Despite being a secured form of digital currency, it is not perfect and can be subject to illegal activities by cyber criminals. This research adapted a descriptive design under quantitative using survey as its method. The data from the survey were analyzed to generate an in-depth understanding on the impact of cryptocurrency’s vulnerabilities on international trading. The researchers collected data to analyze the effects of cryptocurrency on international trading and its vulnerabilities’ impact on the use of the digital currency. This research paper will benefit users of cryptocurrency, the government agencies and policy makers in creating a safer interface for digital currency platforms and lastly, for researchers who will use this paper as basis for further study on the topic of cryptocurrency and international trade.