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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

Impact Factor: RJIF 8.4

International Journal of Applied Research

Vol. 3, Issue 7, Part E (2017)

Measuring a path towards cashless economy

Author(s)
Dr. P Sekar And Priya Srivastava
Abstract
A Cashless Economy depicts a financially viable state whereby monetary transactions are not conducted by means of money in the form of corporal banknotes or coins, but fairly through the transmit of digital information (usually an electronic demonstration of money) linking the transacting parties. Cashless societies have existed, based on barter and other methods of exchange, and cashless transactions have also become possible using digital currencies such as bit coin. However this article discusses and focuses on the term "Cashless Economy" in the sense of a move towards, and implications of, an economy where cash is replaced by its digital equivalent - in other words, authorized tender (money) exists, being recorded, and is exchanged in electronic digital structure.
Pages: 310-312  |  459 Views  11 Downloads
How to cite this article:
Dr. P Sekar And Priya Srivastava. Measuring a path towards cashless economy. Int J Appl Res 2017;3(7):310-312.
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International Journal of Applied Research