Cryptocurrencies as Payment: An Overview and

Transcript:Cryptocurrencies as Payment: An Overview and:
Cryptocurrencies as Payment: An Overview and Analysis of Factors Driving Adoption Florian Knöchel April 22, 2022 Results and Main Findings V1 Master Thesis Executive Summary Source of Image: Starline from freepik Cryptocurrencies and Stablecoins are poised for a future means of payment. About Source of Image: Starline from freepik This slide deck is part of the master’s thesis “Cryptocurrency Payments: An Overview and Analysis of Factors Driving Adoption”. The collected data is as of February 26, 2022. The thesis was conducted at the TUM School of Management at the Chair of Strategy and Organization and supervised by Prof. Dr. Isabell M. Welpe. Links: Chair for Strategy and Organization Notion Page Contents Source of Image: unsplash.com Outline of the Thesis and Main Topics Need for Research and Main Research Question Important Theoretical Concepts Cryptocurrency Basics Payment Process Payment Gateway, Wallets, and Exchanges Factors for Adoption Cryptocurrency Ranking Future Outlook and Current Roadblocks Contributions and Further Research Sources Theory and Outline Source of Image: unsplash.com Sources in the following. Outline of the Thesis and Main Topics 1. Introduction 2. Theoretical Framework 2.1. Definitions 2.2. Fundamental Literature and Sources 2.3 Practical Developments 3. Methodology 4. Findings 4.1. Payment Gateways Analyzed 4.2. Cryptocurrency Payment Process 4.3. Factors for Adoption 4.4. Cryptocurrencies Analyzed 4.5. Future Outlook & Possible Roadblocks 5. Discussion 5.1. Results from the Analysis 5.2. Practical and Theoretical Contributions 5.3. Limitations and Further Research 6. Conclusion Collecting all necessary data from whitepapers, other publicly available sources, and three expert interviews. Explaining the process in detail with all its entities. Listing and explaining all factors for adoption in relation to the different entities in the payment process. Determining the importance of the individual factors. Analyzing the top cryptocurrencies (according to CoinMarketCap) with respect to the factors and data collected. Analyzing the top payment gateways with respect of the factors and data collected. The current practical developments in the cryptocurrency industry regarding payments are outlined in this chapter. The future outlook is outlined in this part and the possible roadblocks regarding adoption are explained. Need for Research and Main Research Question Sources: Al-Amri et al., 2019; Ammous, 2018; Ante, 2020; Fama et al., 2019; Levulytė & Šapkauskienė, 2021; Nakamoto, 2008; Peters et al., 2015; Sabah, 2020; Saiedi et al., 2021. BTC was invented in 2009 by Nakamoto to establish a resilient and non-censorable electronic payment system. Today, several factors, such as transaction speed, are negatively