Research and Markets: Alternative Currencies: Is There Staying Power?

Research and Markets: Alternative Currencies: Is There Staying Power?

Research and Markets ( has announced the addition of the "Alternative Currencies: Is There Staying Power?"report to their offering.

New Mercator Advisory Group report identifies markets and market drivers behind four types of alternative currencies.

Alternative currencies typically evolve when threats or economic problems occur and stabilization efforts are perceived as necessary. Few, however, have staying power. A review of various alternative currencies (operating either only in the U.S. or globally) suggests traditional payments industry players should monitor the initiatives' progress but not necessarily shift their strategic direction in response.

Mercator Advisory Group's new report, Alternative Currencies: Is There Staying Power?, identifies four types of virtual currencies with the potential to circumvent traditional payment methods or complement them:

- Open, online currencies, such as Bitcoin
- Closed, proprietary virtual currencies, often tied to online games
- Loyalty and reward points and miles tied to traditional payment cards
- Community-based paper currencies

"Distrust of government-issued currencies, or competitive threats involving businesses, for years has prompted the occasional alternative currency to emerge, but few have had much staying power," says Jeffrey Green, director of Mercator Advisory Group's Emerging Technologies Advisory Service and author of the report. "Fears tend to subside once the situation stabilizes and conditions improve. But alternative currencies that complement and reward traditional payment card use have found a niche that will keep them prospering for years to come."


- An overview of Bitcoin and its potential to disrupt the global online marketplace

- A look at Amazon's new Coins virtual currency and whether it fits with market trends

- An analysis of the potential threat or opportunity of examined alternative currencies for traditional card issuers and networks

Key Topics Covered

- Executive Summary
- Introduction
- The Bitcoin Phenomenon
- What Is Bitcoin?
- Bitcoin Use
- Governments Step In
- A Hacker's Playpen?
- Reputation Baggage
- Industry Impact
- Loyalty/Reward Points
- Industry Impact
- Community Currencies
- Industry Impact
- Proprietary Online Currencies
- Industry Impact
- Conclusions

Examples of Companies Mentioned

- Amazon
- American Airlines
- American Express
- Bitcoin Foundation
- BitPay
- Btetree
- Coinbase
- CoinLab
- Coinsetter
- Delta
- eBay
- Facebook
- JPMorgan Chase & Co.
- Microsoft
- MoneyGram
- PayPal
- PPCoin
- TradeHill
- Twitter
- Union Square Ventures
- Vircurex
- Wells Fargo
- Western Union
- World Bitcoin Exchange

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