Impact of Digital Currency on Financial Management in Youngster’s in Coimbatore City

Impact of Digital Currency on Financial Management in Youngster’s in Coimbatore City

AUTHOR: P. SHANMATHY,

Student- Department of management studies

Dr. N. G. P Arts and Science College, Coimbatore

CO-AUTHOR: Dr. M. SOFIA,

Assistant Professor - Department of management studies Dr. N. G. P Arts and Science College, Coimbatore

ABSTRACT

This study explores the impact of digital currency on the financial management of youngsters in Coimbatore city, India. The emergence of digital currency has revolutionized the financial landscape, offering a convenient, secure, and low-cost way to manage finances. The study aims to investigate the current level of awareness and adoption of digital currency among youngsters, analyze its impact on their financial management, and identify the benefits and drawbacks of using digital currency. The findings suggest that respondents have a positive experience with digital currency usage, but there may be areas for improvement. The study highlights the importance of understanding user experiences and perceptions in the development and implementation of digital currency systems. The suggestions for improvement include making the process simpler and more intuitive, enhancing user interface, and increasing support services. This study provides valuable insights for policymakers, financial institutions, and educators to promote responsible digital currency usage and improve financial literacy among youngsters.