Quantitative and qualitative research
The already formulated research question is a legal provision that approves a choice of approaches that would support the study such as quantitative, qualitative, or even mixed method that establishes the operational framework of the crypto-currency process. The data collection defines the quantitative method through already tested numbers to examine the variables in place (Hackett, 2016).
In this context, statistical procedures become the main point of reference for reviewing the existing relationship between variables. On the other hand, qualitative research is vital in an event one wants to explore the meaning of a particular problem. This approach’s primary involvement in a research is to interpret and collect textual materials, which occurs through observation. Since the research requirement demands or utilizes relevant research, in the quantity of at least ten latest articles, the research will emulate qualitative and quantitative research design as investigative approaches. A qualitative approach is mainly inductive because it adheres to the aspect of analyzing data from specific general themes. After which, the data is interpreted to illustrate the obligatory meaning (Sleiman, Lauf, Yampolskiy, 2016).
On the other hand, qualitative research will help offer a relationship between variables, which is an inductive method of examining variables’ relationships. This research will adhere to data interpretation as means of finding meaning provided through the research’s ideological positions. In this manner, the research’s goal: how fraud affects the world payment systems, with crypto-currency becomes the research’s case study.
Scope of the problem
For the sake of revealing the context of this research, the researcher will address the dynamism of selling and buying coins through an exchange program, as this is the root cause of fraudulent issues, which occurs by exploiting the investors by increasing prices. The research thus adheres to Cardenas-Rodrigueez, Sierra, Escudero’s (2018) assumption, that buying-selling of crypto-currency in exchange mechanism creates a channel that would help increase growth rate and in the event, affect pricing. Cognitively, it is essential to understand that fraudulent schemes are cautious because they can leverage the system artificially and exponentially, and in the event manipulating the price.