This week we discussed Bitcoin Economics. For this week’s research paper, you need to search the Internet and explain why some businesses are accepting and other businesses are rejecting the use of Bitcoins as a standard form of currency. Your paper needs to identify two major companies that have adopted Bitcoin technology.

Your paper should meet the following requirements:

• Be approximately 3-5 pages in length, not including the required cover page and reference page.

• Follow APA guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.

• Support your response with the readings from the course and at least five peer-reviewed articles or scholarly journals to support your positions, claims, and observations. The UC Library is a great place to find resources.

• Be clear with well-written, concise, using excellent grammar and style techniques. You are being graded in part on the quality of your writing.

Answer preview

Bitcoin technology is a digital cryptocurrency that runs on a blockchain platform system. Since Bitcoin was introduced in the market in 2009, some companies have adopted this currency due to various reasons. However, some business companies have rejected the use of Bitcoin as a single currency. There are benefits and adversaries of adopting Bitcoin as the standard form of currency in the economy, and they are among the significant reasons for acceptance and rejection. There are numerous reasons …