Abstract
Cryptocurrency is the top trend of the current era. It gained popularity quickly because of its advantages, such as cost-effectiveness, convenience, and secure medium of exchange. However, it suffers from the problem of money laundering, the mining process, and the outflow of the dollar. The current study aims to find cryptocurrency’s impact on the traditional financial system. For this purpose, the current research conducted interviews with ten different persons that know the use of cryptocurrency. After making different themes from transcribed data, NVivo software is used to analyze with the help of Word Tag Cloud, Word Tree Map, and Hierarchy Chart of the Word Tree. This study finds that cryptocurrency can be beneficial for the traditional financial system in case of its centralization under proper legislation to avoid money laundering and outflow of the dollar because it is more convenient, cost-effective, and secure than a traditional transaction system. Keywords: Cryptocurrency, medium of exchange, family food environment, family mealtimes, thematic analysis, Covid-19 pandemic, Pakistan
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