The Impact of Cryptocurrency on Traditional Bank Industry: A Literature Review
Nowadays, there has been a noticeable upsurge in the use of cryptocurrencies, which has coincided with important developments in artificial intelligence technology that have advanced blockchain procedures to new heights of maturity. This convergence has strengthened cryptocurrencies' depen...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
OPRA publications
2024
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/44657/3/The%20Impact%20of.pdf http://ir.unimas.my/id/eprint/44657/ https://www.multiresearchjournal.com/search?q=The+Impact+of+Cryptocurrency+on+Traditional+Bank+Industry%3A+A+Literature+Review&type=archives |
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| Summary: | Nowadays, there has been a noticeable upsurge in the use of
cryptocurrencies, which has coincided with important
developments in artificial intelligence technology that have
advanced blockchain procedures to new heights of maturity.
This convergence has strengthened cryptocurrencies'
dependability in addition to making them more feasible. But
this development seriously jeopardizes the standing of
Malaysian financial institutions, especially in the banking
sector. With their ever-expanding range of benefits,
cryptocurrencies immediately threaten the established roles
of banks and even provide further advantages. By analyzing
the reactions of the financial industry to the emergence of
cryptocurrencies can to uncover potential strategies for
banks to mitigate the challenges posed by this disruptive
technology. Through an examination of relationship among
the bank deposit, capital adequacy ratio, and the market
capitalization of cryptocurrency, it helps to explore how the adoption of cryptocurrencies may reshape the banking sector and influence macroeconomic dynamics. |
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