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What is Purchase Power

Chapter 6
Blockchain Applications in Cryptocurrency for Technological Evolution
The ability to purchase consumer goods.
Published in Chapter:
Cryptocurrency Brings New Meaning to Purchase Power and Bridges the Wealth Gap: A Closer Look at Bitcoin
Fabienne T. Cadet (Nova Southeastern University, USA)
Copyright: © 2023 |Pages: 10
DOI: 10.4018/978-1-6684-6247-8.ch006
Abstract
Launched in 2009, Bitcoin is considered the first cryptocurrency. This chapter takes a strategic approach to investigating Bitcoin usage and how it has brought new meaning to purchase power around the world. The chapter begins with background information on Bitcoin, followed by a description of the current Bitcoin user, followed by an explanation of how Bitcoin has brought new meaning to purchase power around the world as well during the coronavirus pandemic. Additionally, the chapter provides supporting evidence for Bitcoin's ability to bridge the wealth gap.
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