Perception of Digital Currencies among the Indian Diaspora

Abstract

This research paper delves into the perceptions surrounding digital currencies among individuals, aiming to elucidate attitudes towards their potential impact on traditional currency systems. A meticulously designed questionnaire was administered to 43 participants, encompassing a diverse range of demographics. The findings reveal a prevailing sentiment among the younger generation, foreseeing a substantial shift towards digital currencies supplanting traditional forms by 2040. While optimistic about the transformative potential of digital currencies, participants voiced concerns regarding security implications inherent in decentralized systems. Their insights provide valuable perspectives on the evolving landscape of financial technology and underscore the need for comprehensive approaches to address security challenges in the adoption of digital currencies.