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VOL. 6, ISSUE 3 (2024)
A study on digital cash
Authors
Muthulakshmi R, Manoj Edward
Abstract
This study undertakes a comparative analysis of real cash management, involving the traditional handling
and storage of physical currency, and digital cash management, which includes
electronic transactions and virtual currencies, to understand their roles in
modern financial practices. By integrating quantitative data transaction speed,
security and usability of Digital Cash Management benefit can be identified.
The findings reveal that digital cash management enhances transaction speed,
offers stronger security through encryption and reduces costs by decreasing the
need for physical currency handling. It also improves accessibility, promoting
financial inclusion. However, real cash still proves crucial in areas with
limited digital infrastructure and for ensuring transaction anonymity. Despite
the benefits of digital methods, challenges such as the digital divide and the
constant need for technological updates persist. The study concludes that both
management systems are essential, recommending a hybrid strategy to capitalize
on the strengths of each, thereby ensuring a robust and inclusive financial
ecosystem.
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Pages:39-43
How to cite this article:
Muthulakshmi R, Manoj Edward "A study on digital cash". International Journal of Finance and Commerce, Vol 6, Issue 3, 2024, Pages 39-43
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