Cryptocurrencies and the digital economy, a vision in Ecuador

Abstract

This document presents an analytical approach to the relationship between the digital currency system (cryptocurrencies) and the digital economy in Ecuador.

It is about demonstrating the importance of a relationship between the elements, which would eventually allow Ecuador to achieve a commercial and economic opening to an increasingly digitalized market.

The history of currency is reviewed as a valid instrument for trade and as the basis of the economy until reaching cryptocurrencies and a brief detail of the development of the digital economy; then it is passed to an analysis and reflection of the author on the relationship of these two variables and the opportunity they have within the Ecuadorian economy, which in the end will support the final conclusions of the work.

We work under a model of documentary, analytical and reflective research, selecting reference sources that allow us to channel scientific articles and relevant reports and specialized websites on the subject matter, which in turn allow us to observe not only the local reality, but also identify particularities. of what happened in other latitudes in this regard.