A Study of Factors Affecting the Adoption of Digital Currencies

Digital currency has taken into the world slowly but steadily, rising in the leads of trades and commercialization, which can create a huge impact on the economic wellbeing. Digital currencies can be further classified into Cryptocurrencies, Virtual currencies and Central bank digital currencies. In this research we study thefactors of adopting digital currencies. Primary data has been collected using structured questionnaire. A total of 140 responses are used for the purpose of analysis. We have used correlation and heatmap foranalysing the impact of the identified factors such as Technological, Economical and Social.