Abstract
Crypto-currency, an encrypted, peer-to-peer network for facilitating digital barter, is a technology developed eight years ago. The first and most popular, is paving the way as a disruptive technology to long standing and unchanged financial payment systems that have been in place for many decades. While crypto-currencies are not likely to replace traditional fiat currency, they could change the way Internet-connected global markets interact with each other, clearing away barriers surrounding normative national currencies and exchange rates. Technology advances at a rapid rate, and the success of a given technology is almost solely dictated by the market upon which it seeks to improve. Crypto-currencies may revolutionize digital trade markets by creating a free flowing trading system without fees. A SWOT analysis of Bitcoin is presented, which illuminates some of the recent events and movements that could influence whether Bitcoin contributes to a shift in economic paradigms.
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