Open AccessA Case Study on Digital Currency with a Special Reference to India
Author(s) -
Pradipta Mukhopadhyay
Publication year - 2021
Publication title -
international journal of advanced research in science, communication and technology
Language(s) - English
Resource type - Journals
ISSN - 2581-9429
DOI - 10.48175/ijarsct-1797
Subject(s) - digital currency , currency , virtual currency , casual , electronic money , cash , commerce , business , computer science , monetary economics , economics , world wide web , finance , political science , payment , law
Digital Currency means any currency that is mainly managed, stored and exchanged on digital devices like computer, smartphone, etc. Digital Currency is a type of currency that has no physical form and only exists in digital form and includes virtual money and crypto currency. Digital Currency is also known as digital money or cyber cash and can be used to purchase goods and services but can also be restricted to certain online communities such as gaming, or social networks. In this paper we will study the actual meaning of digital currencies in the modern world with a special reference to current status of digital currency in India. The current study has been casual, exploratory and empirical in nature and the data needed for research work has been collected by using both direct and indirect method of data collection.