A Cryptocurrencies Bank in IRAN: A Proposed Model

A cryptocurrency bank establishes rules for the purchase and sale of cryptocurrencies. The existence of this bank has several advantages including increasing the speed of internal transactions and receiving and trading cryptocurrencies from anyone in any part of the world. This article presents a model for Iranian banks to use the cryptography method while giving a brief explanation about the digital cryptocurrency and their blockchain technology, the advantages and disadvantages of them as well. The proposed model is a centralized approach that performs centralized internal financial transactions, unlike international cryptocurrency transactions. This model eliminates the restrictions on investing in such currencies in Iran considering the role of the bank as an important component in the country's economic sector. The advantages of applying this model to the banks are including no restrictions for the user, fast internal transactions, trading all kinds of currencies, producing and supplying a type of national currency, zero possibility of a fraud inside Iran, etc. This will also speed up computation.

کلیدواژه ها:

Cryptocurrency ، Blockchain ، Bitcoin ، Transaction ، Bank Account