International Journal of Finance & Managerial Accounting

International Journal of Finance & Managerial Accounting

The impact of digital currency and bitcoin on future business progress and development

Document Type : Original Article

Author
Faculty members of accounting Azad Islamic university north branch , Tehran , Iran
10.22034/ijfma.2025.78716.2300
Abstract
Digital currency, particularly cryptocurrency, refers to a form of money that is used electronically for the exchange of goods and services and plays a very important role in today’s world. The concept of digital currency was introduced as encrypted money aimed at facilitating financial transactions and creating a decentralized form of money managed by individuals without intermediaries. Bitcoin, as the world’s first digital currency, allows users to make online payments on various websites. This digital currency is still in its early stages of development, and before purchasing it, one must consider all aspects thoroughly—from price fluctuations to legal and tax issues.

Today, we observe an increasing number of payments in businesses being made digitally and cashlessly, based on e-commerce. Many newly established companies are also seeking new ways to expand their available payment methods. The cryptocurrency market is rapidly evolving and growing; a trend that, according to economic experts, heralds the entrance into a new world of business financial transactions in the near future.
Keywords

  1. The impact of digital currency and bitcoin on future business progress and development