Bitcoin: A Crisis of Trust or the Way to Renew Financial Systems

We are now witnessing interesting changes in the economy. The economy of sharing, crowd funding, Internet of Things and other previously unknown phenomena are becoming more and more evident in the socio-economic life. Among the phenomena are revolutionary mechanisms of payment such as virtual currencies and the most renowned of them is just Bitcoin. This article analyzes all aspects of this phenomenon, the mass of this payment model, and the associated systemic risk. More importantly, the article will answer the question: "Implementing Bitcoin into the real economy is due to the crisis of confidence in the current payment mechanisms or the way for enterprises to innovate themselves to enhance their competitiveness".