Abstract
At the time of writing, there are a few thousand cryptocurrencies (or virtual currency) in existence, which is a staggering number given that the first cryptocurrency cryptocurrency was only created in 2009.
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Notes
- 1.
Different data sources provide conflicting information. For example CoinMarketCap https://coinmarketcap.com claims over two thousand while CoinGecko (https://www.coingecko.com) claims over five thousand.
- 2.
This is a lower bound as we considered only users verified by crypto-financial institutions.
- 3.
Discontinued in March 20, 2019.
- 4.
Source https://coinmarketcap.com.
- 5.
Strictly speaking within the Single Euro Payment Area (SEPA).
- 6.
This is true for the participating banks and building societies, which at the time of writing, represent 95% of the total payments in the UK.
- 7.
The fees for remittances.
- 8.
Ethereum and Ethereum Classic’s explorer block 1920000 is identical (see https://etherscan.io and https://gastracker.io) but from block 1920001 the two blockchains differ.
- 9.
In the UK, the RTGS and Chaps are run by the Bank of England.
- 10.
In some countries such as Japan or South Africa the average remittance cost is well above 10%.
- 11.
- 12.
See https://www.bbc.co.uk/news/business-47240760 (accessed April 26, 2019).
- 13.
See https://www.bitpesa.co/ (accessed July 14, 2019).
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Vigliotti, M.G., Jones, H. (2020). The Rise and Rise of Cryptocurrencies. In: The Executive Guide to Blockchain. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-21107-3_5
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DOI: https://doi.org/10.1007/978-3-030-21107-3_5
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