Pay Me in Bitcoin: Setting up Crypto Payment Systems

Bachelor Thesis, Master Thesis or Project Study

📌 Key facts

• Mission: Find out where and how you can pay with crypto. Which companies drive crypto payments? • When: Start anytime. Applications are open! • How to apply: Send us an e-mail (at the end of this page) with your CV and a grade report and a tentative research idea (research question, data and methods, possible outcomes with a tentative outline all in word as *.docx)

Contents

• 💡 Background
• 🦾Who We Are
• 🎯 Goals
• 🎓 Profile
• 📚 Further Reading
• 📄 Requirements to any Work
• 📬 How to Apply

💡 Background

PayPal has entered the cryptocurrency market. So have Square and Revolut. Facebook has its own digital currency Libra, and the Bitcoin price rises dramatically. Crypto currencies certainly have their challenges and considerable research explores its impact on financial systems, user adoption and stock indicators. However, we want you to explore more current trends and whether crypto currencies are making their way into stores and if people pay with them. Crypto currencies could be a viable payment solution, but we need to find out what determines its viability and adoption.

Answer at least one of the following questions:

• Which companies allow to pay in a crypto currency (virtual/physical) in Germany and other countries?
• Which systems are suitable for paying in crypto currencies?
• Which companies and products would benefit from accepting payments in crypto currencies?
• Which companies are leaders in this space?
• What are the pros and cons of crypto payments?
• What are the pros and cons of different crypto payment systems?

🦾Who We Are

The Chair for Strategy and Organization is focused on doing research with impact. This means we do not want to repeat old ideas and base our research solely on the research people did 10 years ago. Instead, we currently research topics that will shape the future. Topics such as Agile Organizations and Digital Disruption, Blockchain Technology, Creativity and Innovation, Digital Transformation and Business Model Innovation, Diversity, Education: Education Technology and Performance Management, HRTech, Leadership and Teams. We are always early in noticing trends, technologies, strategies and organizations that shape the future, which has its ups and downs.

🎯 Goals

• Research current literature on crypto currencies as a payment solution
• Identify companies accepting crypto currencies and driving its adoption
• Develop key drivers for the wider adoption of crypto currencies both shop and consumer-side
• Evaluate different crypto currencies and payment systems
• Visualize your results (e.g. by country, or a collection of all shops, a collection of all currencies etc.) similar to this.

🎓 Profile

• Reliable and self-driven
• Enthusiasm for cryptocurrencies / DLT / FinTech / financial infrastructure
• Ability to do sophisticated internet, desk research, and connect with practitioners
• Passion to learn more about the future and do research with impact

📚 Further Reading

Roberts, J. J. (2020). Kings of Crypto: One Startup's Quest to Take Cryptocurrency out of Silicon Valley and Onto Wall Street. Harvard Business Review Press.

PayPal allows Bitcoin and crypto spending

PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts. Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal, it said.

www.bbc.com

Money is no object: Understanding the evolving cryptocurrency market

In recent years, cryptocurrency-and in particular, Bitcoin-has demonstrated its value, now boasting 14 million Bitcoins in circulation. Investors speculating in the future possibilities of this new technology have driven most of the current market capitalization, and this is likely to remain the case until a certain measure of price stability and market acceptance is achieved.

www.pwc.com

Which crypto becomes the new payment system

( Dutch version here)A considerable number of crypto coins would like to become a generally usable means of payment. Some want to exist next to the Euro and some want to exist instead of the Euro. Which cryptographic coin has the best papers and has made the right design choices?

medium.com

10 Best Bitcoin Payment Gateways for 2021

Looking for the best Bitcoin payment gateways? Well, you found the right place. Cryptocurrencies remain a healthy market where there is lots of money to be made by traders. According to a study done by Modor Intellegence, the cryptocurrency market is expected to grow at a CAGR of 60.2 % until 2025.

www.devteam.space

The Rise Of Crypto As Payment Currency

Payment businesses have gone through a revolution in the last few years. From blockchain, and FinTech to AI and cryptocurrencies, the world of international commerce is moving faster than ever. The payment industry of the future is shaped by a mobile device or a computer. It happens at home and on the go.

www.forbes.com

Who Accepts Bitcoin in 2020? [The Complete Guide]

Many industries have embraced the new trend. The burning question of the day is: At SpendMeNot, we like to present information in a beautiful way. That's why we made this great infographic. It shows some of the most popular companies that are actively accepting bitcoin.

spendmenot.com

📄 Requirements to any Work

We do not want your research to gather dust in some corner of a bookshelf but make it accessible to the world. Thus, we warmly encourage you to create some or all of the following:

• Infograph - visually represent some of your work (find examples here)
• Slide Deck - summarize your research and possibly present it
• Extract most important sequences from podcasts, videos, and other media
• 3-4 Tweets about the most important findings and summarizing the topic
• optional: Medium Article - let people outside university know about your research and start your personal brand

📬 How to Apply

If you are interested, please contact Prof. Dr. Isabell Welpe (e-mail below) by submitting your CV and grade report. Please also briefly outline your tentative research idea (research question, data and methods, possible outcomes with a tentative outline all in word as *.docx)

We're greatly looking forward to hearing more about you!

👉 welpe@tum.de