Proposing a multiple infrastructure model for the utilization of bitcoin

Abstract

Today, one of the most important reasons for the pervasiveness of digital currencies is the unique benefits it provides to users, which can be attributed to the speed and efficiency of payments, especially overseas payments. This study aimed to provide a multiple infrastructure model for bitcoin use. This research has been done qualitatively using interview tools. The survey community consists of academic experts including Profesor universitarios specializing in the fields of digital currencies, e-commerce, international finance and finance, and empirical experts consisting of managers and experts of monetary and financial organizations (banks, stock exchanges). The selection of samples is saturated and purposeful. Finally, 18 people were selected to answer the interview questions. Data analysis was performed with the context theory (GT) approach. Based on the obtained results, 6 main networks, 14 main components and 77 sub-components were obtained as multiple infrastructures for bitcoin use. The results also showed that economic and social infrastructure can affect the use of bitcoin. If there is funding to buy the necessary devices and welcome bitcoin in the community, bitcoin will be more usable as a digital and acceptable currency.

Keywords

• Cryptocurrencies
• bitcoins
• electronic
• money
• infrastructures
• digital cash