Cryptocurrencies as a new tool in Cuban financial transactions

Authors

  • Alejandro García Figal University of Havana

Keywords:

cryptocurrencies, peer-to-peer network, asymmetric cryptography, public key, private key, blockchain

Abstract

In the last decade there have been important changes in relation to finance around the globe, one of these changes that has most impacted is the incorporation of a new form of currency as a means of payment, these are the so-called cryptocurrencies or cryptocurrencies. This innovative form of money has contributed to the creation of new mechanisms to make financial transfers, even countries with important economies have chosen to use and incorporate these cryptocurrencies, taking advantage of the advantages that their use entails. This research aims to analyze the characteristics of these cryptocurrencies, and how to incorporate them as a new instrument to alleviate the repercussions of the existing block in Cuba.

Author Biography

Alejandro García Figal, University of Havana

Graduado de honor de la Universidad de La Habana. Licenciado en Contabilidad y Finanzas (2019), Profesor de la Universidad de la Habana con experiencia en docencia, investigaciones y administración financiera. Coordinador de la asignatura de Macroeconomía y Microeconomía, coordinador del programa BlockChain para las finanzas interbancarias. Tiene formación investiga en Chile. Ha impartido docencia, conducido investigaciones o desarrollados trabajos de consultoría en varias universidades y organizaciones de Cuba y Chile.

References

Bonneau, J., Miller, A., Clark, J., Narayanan, A., Kroll, J., Felten, E. (2015). SoK: Research perspectives and challenges for Bitcoin and cryptocurrencies. En 2015 IEEE Symposium on Security and Privacy. (104-121).http://doi.org/10.1109/SP.2015.14

Banco Central Europeo. (3 de 11 de 2020). Obtenido de Banco Central Europeo Web site: https://www.ecb.europa.eu/ecb/html/index.es.html

Castillo, A., & Brito, J. (2013). Bitcoin: A Primer for Policymakers. Florida: Mercatus Center at George Mason University.

Halaburda, H. S. (2016). Beyond Bitcoin The Economics of Digital Currencies. New York: Journal of Economics & Management Strategy.

Nakamoto, S. (2009). Bitcoin: Un Sistema de Efectivo Electrónico Usuario-a-Usuario.

Reuben, G. (2015). Bitcoin: An innovative alternative digital currency. Hastings Science & Technology Law Journa.

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Published

31-03-2021

How to Cite

García Figal, A. (2021). Cryptocurrencies as a new tool in Cuban financial transactions. Cuban Magazine of Finance and Prices, 5(1), 102–109. Retrieved from https://www.mfp.gob.cu/revista/index.php/RCFP/article/view/310

Issue

Vol. 5 No. 1 (2021): enero - marzo

Section

Research articles

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