Cryptocurrencies its Impact and Recognition

Abstract

The objective of this research article is to publicize 
the emergence of cryptocurrencies and their 
origins, thus knowing the impact that different 
currencies are having in the commercial, financial 
and economic fields through investments, and to 
know a little about their recognition. We will also 
mention the different digital currencies or also 
called cryptocurrencies or cryptocurrencies most 
used from the moment the purchase begins until 
the result is obtained, analyzing whether this has 
a positive or negative impact on the market and 
how it behaves, as well as the different types of 
investments and wallets that have emerged over 
time. In order to understand the economic and 
financial impact of digital currencies in the 
economy, different bibliographies related to the 
trajectory and effect of cryptocurrencies were 
read, analyzed and filtered, tables were also made 
and graphs were studied to know the financial 
behavior through digital currencies. Every day 
there are more investors interested in learning 
about these. Its economic results are very diverse 
depending on the period and how it is coupled 
with financial institutions, its value remains up 
and down, it is not something stable. Their legality 
or not has not yet been decided since it is legal, 
that is to say that no law prohibits or protects or 
regulates them. It is concluded that per day, there 
are more companies interested and that accept 
cryptocurrencies to obtain their benefits, this 
investment method is increasingly used. Bogotá is 
positioned as the city in Colombia that carries out 
transactions with these crypto assets the most, 
although the list of users is still small and 
investors are few. This type of transaction has 
caused a new practical revolution in the local 
market, allowing various national and 
international economic functions to be carried out 
this favors the expansion of transactions 
geographically