Decentralized Money: A Comparative Analysis of its Adoption and Use in Various Countries

  • Unique Paper ID: 176658
  • PageNo: 7403-7415
  • Abstract:
  • Decentralized money, primarily in the form of cryptocurrencies such as Bitcoin, Ethereum, and others, has begun to adopt a revolutionary posture in the globalized monetary system. This research paper help analyze the adoption and the effect that decentralized money has on different countries focusing on its transactionary use. To do this, the paper makes a comparative analysis of the various countries legal approaches toward decentralized money, its acceptance by businesses, the rate of its adoption by users, and the problems encountered by different countries in acquiring decentralized money as a medium of exchange. Furthermore, the paper addresses the possibilities and problems of using decentralized money and its effect on the future of finance.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{176658,
        author = {Adarsh Maurya and Pravin Patil and Dr. Neeta Bhatt},
        title = {Decentralized Money: A Comparative Analysis of its Adoption and Use in Various Countries},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {11},
        pages = {7403-7415},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=176658},
        abstract = {Decentralized money, primarily in the form of cryptocurrencies such as Bitcoin, Ethereum, and others, has begun to adopt a revolutionary posture in the globalized monetary system. This research paper help analyze the adoption and the effect that decentralized money has on different countries focusing on its transactionary use. 
To do this, the paper makes a comparative analysis of the various countries legal approaches toward decentralized money, its acceptance by businesses, the rate of its adoption by users, and the problems encountered by different countries in acquiring decentralized money as a medium of exchange. Furthermore, the paper addresses the possibilities and problems of using decentralized money and its effect on the future of finance.},
        keywords = {},
        month = {May},
        }

Cite This Article

Maurya, A., & Patil, P., & Bhatt, D. N. (2025). Decentralized Money: A Comparative Analysis of its Adoption and Use in Various Countries. International Journal of Innovative Research in Technology (IJIRT), 11(11), 7403–7415.

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