PRECONDITIONS AND PROBLEMS OF TRANSITION TO ELECTRONIC MONEY

Demur  Sichinava; Murtaz  Magradze

doi:10.35945/gb.2018.06.026

Authors

Demur Sichinava Professor, Ivane Javakhishvili Tbilisi State University, Georgia Author
Murtaz Magradze Professor, Emeritus, Ivane Javakhishvili Tbilisi State University, Georgia Author

DOI:

https://doi.org/10.35945/gb.2018.06.026

Keywords:

ELECTRONIC MONEY, CRYPTO-CURRENCY, ELECTRONIC WALLET, THE MINING OF CRYPTO-CURRENCY IN GEORGIA, PRECONDITIONS TO TRANSITION TO ELECTRONIC MONEY, PROSPECTS OF CRYPTO-CURRENCY DEVELOPMENT

Abstract

The article is dedicated to the actual problems of creation, intervention and introduction of electronic money cryp- to-currency and blockchain technology at the modern stage. Rather narrow description is given to essence, the history of invention and the types of crypto currency (bit coin, ethereum, etc.,), advantages and defects of their use, the electronic wallet and its types, situation of the electronic money introduc-tion in Georgia, the global crypto currency spread and the tendencies and prospective of its possible recognition, assessed is significance of the electronic money in manufacturing, based on the modern technical-technological achievements, mon- ey-reporting field, maximally just relations creation and by this further growth of the economic development and accord- ingly the permanent enhancement of the living standards of the populations.