- Title
- Virtual currency readiness in South Africa
- Creator
- Tiervlei, Renee
- Subject
- Digital currency -- South Africa
- Date Issued
- 2021-12
- Date
- 2021-12
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/54717
- Identifier
- vital:47530
- Description
- The rapid growth of technology in the twenty first century has seen the increased use of the internet and its resources and with this a change in the way people see money. Buying goods and services online and paying with credit cards is a transformational advantage to the way transactions are done. Ten years ago, this was not possible and paper money was predominantly used to pay for goods, or the buyer had to go into a bank to deposit the payment into the seller’s bank account. Virtual currency is a topic that needs attention due to its increased popularity and from the South African perspective, more so. Virtual currencies, like cryptocurrencies and its blockchain technology, has a wide range of uses that could benefit the world as well as South Africa but there is also a downside or risks associated with the use of these currencies and many other virtual currencies. Risks include and are not limited to the regulation, or a lack of regulation of cryptocurrencies, the laundering of money and illegal activities. One advantage though is that the blockchain technology ensures that all transactions are recorded in the ledger and can never be deleted or erased. The study analyses virtual currency readiness in South Africa by looking at the factors influencing this by studying cryptocurrencies and the South African people’s reaction to the use of this currency and how it is perceived.
- Description
- Thesis (MBA) -- Faculty of Business and Economic Sciences, 2021
- Format
- computer
- Format
- online resource
- Format
- Format
- 1 online resource (xii, 86 pages)
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- rights holder
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Tiervlei, R.pdf | 923 KB | Adobe Acrobat PDF | View Details Download |