Cryptocurrencies are economic innovation that have the potential to revolutionize the current economic structure and change how banks and financial institutions operate. Bitcoin is the most popular form of cryptocurrency that enables digital transactions between two parties without the need of an intermediary. It has been said that Bitcoin was the first successful cryptocurrency to be released into the world’s markets. The current economic landscape for cryptocurrency implementation remains in the balance. Cryptocurrencies and their underlying technology called blockchain have been growing exponentially in the recent years both in terms of adaptation and influence. Moreover the effect cryptocurrencies are having on the current economic landscape is replacing the Dollar: In terms of volume, the global economy is fueled by the U.S. Dollar. The dominance of the United States in global economic and political affairs has contributed to this greatly. The global economy thus relies on the dominance of the US Dollar to keep running. This, however, is starting to change dramatically as more cryptocurrencies start to emerge as well as Bitcoin’s exponential rise.Other than that financial transactions have started getting decentralized on a massive scale, with no recourse to the traditional US Dollar. This can create a butterfly effect where the dynamics of international trade can change. In short, there have always been attempts to de-dollarize the global economic landscape and cryptocurrencies seem to be the solution.