Today we live in a digitalized society that significantly depends on the functioning of different technologies and their further integration in various processes. The high speed of the world’s transformation under the impact of innovations was increased by the emergence of the Internet, and it is becoming a potent tool in managing various activities. The creation of the worldwide net facilitated the development of ways of cooperation between individuals, organizations, and companies to achieve better results. It also preconditioned a need for a specific currency that could be used in various online deals. Under these conditions, the crypto currency (CC), as one of the potent payment options of the modern world, emerged.
CC can be determined as a digital asset that serves as one of the payment instruments in financial operations performed via the Internet. One of its main features is the use of strong cryptography to protect all transactions and control the process (Kethineni & Cao, 2019). The first decentralized cryptocurrency was introduced in 2009 and was called Bitcoin, which served as the turning point in the history of this tool. Today, the topicality of the given issue remains high; however, there are both people who adopt and do not adopt CC for various reasons. For this reason, the given paper presents a literature review focused on the investigation of barriers and facilitators to the further spread of cryptocurrency, and it’s becoming a popular payment instrument.