Physical currency or crypto currency, which one will be better for our economy?

As the world transitions towards a cashless society, there is a growing debate on whether physical currency or cryptocurrency is better for the economy.While physical currency has been the traditional medium of exchange, cryptocurrencies are gaining popularity due to their decentralized nature and potential for lower transaction costs.This paper examines the pros and cons of each option, including factors such as security, ease of use, and potential for financial inclusion.Ultimately, the question of which one is better for the economy depends on a range of factors, including the specific needs and circumstances of each country.

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Publication Details

Journal
BRAC University Institutional Repository (BRAC University)
Published
2024-10-27
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
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article

Physical currency or crypto currency, which one will be better for our economy?

BRAC University Institutional Repository (BRAC University)
Blockchain Technology Applications and Security
article

Physical currency or crypto currency, which one will be better for our economy?

article en

Abstract

As the world transitions towards a cashless society, there is a growing debate on whether physical currency or cryptocurrency is better for the economy.While physical currency has been the traditional medium of exchange, cryptocurrencies are gaining popularity due to their decentralized nature and potential for lower transaction costs.This paper examines the pros and cons of each option, including factors such as security, ease of use, and potential for financial inclusion.Ultimately, the question of which one is better for the economy depends on a range of factors, including the specific needs and circumstances of each country.

BRAC University Institutional Repository (BRAC University)
BRAC University (BD)
Decent work and economic growth
Openalex Percentile: Top 33%
Blockchain Technology Applications and Security
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Physical currency or crypto currency, which one will be better for our economy? · BRAC University Institutional Repository (BRAC University) (2024) | TGRS Research Map | TGRS