The Evolution of Cryptocurrencies in the Global Political Economy

This paper, issue focus on the emerging effects of cryptocurrencies on globalization. Cryptocurrencies change social and economic processes throughout the world and within developing countries. This process can be expressed as a part of globalization in general terms. The concept of undertaking both opportunities and problems together due to the paradoxes it carries is a common result of many commercial, social, cultural, geographic, and political influences. The development process of blockchain technology, the infrastructure of cryptocurrencies, is different in countries. For example, Turkey has been studied as an example of developing countries’ approaches to blockchain technology and cryptocurrencies. Consequently, cryptocurrency is in request in developing countries, with a different perception and expectation. This has various implications for globalization. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.