India is actively exploring the integration of digital currency into its monetary system through the introduction of the e-Rupee. This research evaluates the feasibility, benefits, and challenges associated with this transition, aiming to provide a comprehensive understanding of its potential impact. This research review investigates the intersection of technology and electronic currency, emphasizing the advancement, adoption, and economic implications of digital monetary systems. This research review explores the intersection of technology and electronic currency, with a focus on the advancement, adoption, and economic impact of digital monetary systems. The study is guided by three key objectives: firstly, to examine the relationship between technological innovations and the evolution of electronic currencies; second, to assess the current trends in the circulation of the e-Rupee in India; and third, to evaluate the correlation between Bitcoin, as a leading digital currency, and the exchange rates of various national currencies. The study findings explains that stronger digital infrastructure, public awareness, and policy support to ensure broader and more effective integration of electronic currencies and also investigates the evolving role of electronic currencies, with a particular focus on the adoption and circulation of the e-Rupee in India and its correlation with global digital currencies such as Bitcoin. Overall, the digital transformation of money marks a significant shift in global financial architecture. With targeted efforts in technological advancement, policy development, and public engagement, digital currencies like the e-Rupee have the potential to reshape the future of payments, promote financial inclusion, and contribute to a more efficient, secure, and resilient financial system.
Prof. Dr. Y. MuniRaju N. Nikhil (Thu,) studied this question.
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