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@article{171279,
        author = {Adike Varun and Dr Swarupa Pelleti and Y Rakesh Reddy and R Mahitha and P Lahari Goud},
        title = {Cryptocurrency As A Payment System},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {7},
        pages = {4078-4087},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=171279},
        abstract = {Cryptocurrency is a revolutionising force within the financial world, which has established a decentralised, digital method of payment against traditional monetary systems. The paper attempts to discuss the cryptocurrency-based payment system by focusing on its underlying technologies, specifically blockchain, and its implication for businesses, consumers, and financial institutions. Being designed by nature, cryptocurrencies offer far more secure, transparent, and efficient means of carrying out a transaction than do conventional payments. Nonetheless, mainstream adoption of cryptocurrencies as a payment system continues to face issues like price volatility, regulatory uncertainty, issues of scalability, and concerns over security. Still, solutions such as Bitcoin, Ethereum, and more recent stablecoins have shown promise in terms of addressing the gaps present in existing financial systems: cross-border payments, inclusion, and costs of transactions. This paper reviews the potential benefits, risks, and future prospects of cryptocurrencies in reshaping payment ecosystems, with a focus on key trends, current use cases, and the evolving regulatory environment. Ultimately, while cryptocurrencies have the potential to revolutionize payment systems, widespread adoption will depend on further technological advancements and regulatory clarity.},
        keywords = {Blockchain, Transaction Security, Stablecoins, Financial Technology (FinTech)},
        month = {January},
        }