Delving into the Age of Digital Currency: Evaluating Readiness, Advantages and Challenges of a Cashless Society

The Mechanics of Digital Currency

Before we can evaluate the readiness of society to adopt digital currency, it's crucial to understand how it works. This section will demystify the mechanics behind digital currency, explaining concepts like blockchain technology, cryptocurrencies, and digital wallets. We'll also look at the role of government and financial institutions in the digital currency ecosystem.