Shifting users preferences: the transition from traditional paper money to digital currency in a developing country

Key Points

• This research aims to understand the changing preferences of users as they shift from traditional paper money to digital currency in a developing country.
• Conducted a randomized trial to assess user preferences during the transition.
• Collected data on user experiences with traditional and digital currencies.
• Analyzed factors influencing the choice between paper money and digital currency.
• A significant increase in user preference for digital currency was observed.
• User satisfaction with digital transactions was higher compared to traditional methods.
• Demographic factors played a crucial role in shaping preferences for digital currency.