|Author||Grant, Gerry; Hogan, Robert|
|Publisher||Journal of Corporate Accounting & Finance, Volume 26, Number 5, 1 July 2015, pp. 29-35(7)|
|Link||View Research Paper|
Proponents hype the benefits of Bitcoin transactions as being faster and cheaper than traditional methods; however, concerns around the lack of a central governing agency, lack of controls over Bitcoin exchanges, and the volatility of the virtual currency persist. Therefore, a company’s use of Bitcoin, as a medium of exchange or as an investment, involves risks and internal control concerns that merit careful consideration. © 2015 Wiley Periodicals, Inc.