INGENIERÍA EN CIENCIAS EMPRESARIALES CON CONCENTRACIÓN EN FINANZAS INTERNACIONALES

Abstract

Latin America and the rest of the world have started to move forward when it comes to electronic currency. The speed and safety for citizens on the transactions are among the main advantages. Ecuador is also taking part of this; the question that rises is: Is Ecuador ready for this change? It must be taken into consideration the consumption habits of Ecuadorians, the technology available in the country, and also the risks of having the Central Bank as the issuing bank of the electronic currency. This paper covers different subjects about electronic currency, from the basics as how it works, to the importance of the Central Bank in this new project, to more complex matters as the backup of the electronic currency. It is a measure that promotes financial inclusion, but it is also necessary to have a control to the system by the private sector