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A study on cryptocurrency impact on traditional banking system

Dr. Prathap B N Prathap B N

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Paper Contents

Abstract

The rapid rise of cryptocurrencies has significantly disrupted traditional banking systems across the globe. Powered by decentralized blockchain technology, digital currencies like Bitcoin and Ethereum challenge the conventional, centralized operations of established financial institutions. By enabling peer-to-peer transactions, minimizing the need for intermediaries, and promoting greater financial inclusion, cryptocurrencies are reshaping the financial landscape. This shift presents both challenges and opportunities for banks, compelling them to innovate, reform regulatory approaches, and reconsider their roles within the evolving financial ecosystem.

Copyright

Copyright © 2025 Dr. Prathap B N. This is an open access article distributed under the Creative Commons Attribution License.

Paper Details
Paper ID: IJPREMS51000015958
ISSN: 2321-9653
Publisher: ijprems
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The International Journal of Progressive Research in Engineering, Management and Science is a peer-reviewed, open access journal that publishes original research articles in engineering, management, and applied sciences.

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