DIGITAL CURRENCIES, SWOT ANALYSIS

Abstract. The paper highlights the increased international trade and discussion in recent years of digital currencies, also known as virtual currencies or cryptocurrencies, including bilateral coin bitcoin (BTC). Scholars have emphasised need to consider different preconditions, focusing primarily on domestic perspectives payment intermediation within individual countries. inclusion global is motivated by recognition that time playing an increasingly important role dynamics. presented arguments potential impact CBDCs (central bank currencies), highlighting their ability facilitate secure seamless transactions line with primary objective central banks. Conversely, sceptics argue mere issuance can potentially undermine stability financial system. High interest rates tend reduce amount cash circulation. Therefore, higher do not stimulate investors seek keep funds tied up rather than floating. purpose this research concept trade, reflecting increasing importance trade. Older generations been reluctant embrace new way doing business, many questions arisen. For example, compete traditional making government control difficult. There are issues trust, credibility, volatility, use across countries, zones, trading time, uncertainty, disruption current centralised economic systems, lender last resort form a bank, well distance culture methodology used well-known classic SWOT analysis, which provides tools for analysing pros cons currencies. It sheds light advantages disadvantages strengths, weaknesses, opportunities threats. results vary depending weight four measures provided. practical implications it be aware measured factors when trading: Strengths, Weaknesses, Opportunities Threats. Finally, believed value/originality people considering entering into transaction using some currency.