Prospects and Problems of Digital Currency

  • U Arumugam Assistant Professor, Department of Commerce Alagappa University, Karaikudi, Tamil Nadu, India
  • M Manida Assistant Professor, Department of Commerce Manonmaniam Sundaranar University, Tirunelveli, Tamil Nadu, India https://orcid.org/0000-0002-2605-1645
Keywords: Digital Currency, Block Chain, Cryptocurrency, CBDC

Abstract

Digital currency is money managed, stored, and exchanged through digital devices such as computers and smartphones. There are two types of electronic currency:Virtual and cryptocurrencies that have no physical form and exist only digitally. Digital currency, also known as digital money or cyber cash, can be used to purchase goods and services, but may be restricted to certain online communities such as games or social networks. The data required for the study were collected using secondary data collection methods. This paper explores the importance of digital currency in India and the modern world.

Published
2023-03-01
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How to Cite
Arumugam, U., & Manida, M. (2023). Prospects and Problems of Digital Currency. Shanlax International Journal of Economics, 11(2), 58-62. https://doi.org/10.34293/economics.v11i2.6115
Section
Articles