International Journal of Engineering and Management Research (IJEMR)
  • Year: 2018
  • Volume: 8
  • Issue: 1

Overview of Crypto Currency`s Role in India

  • Author:
  • R. Chandrasekaran1,, K. Anitha2
  • Total Page Count: 6
  • Page Number: 105 to 110

1Assistant Professor, Department of Management, Dr. N.G.P Arts and Science College, Coimbatore, India

2Assistant Professor, Department of Commerce (Finance), Dr. N.G.P Arts and Science College, Coimbatore, India

*Corresponding Author: chandrasekaran@drngpasc.ac.in

Online published on 14 May, 2018.

Abstract

Cryptocurrencies are digital assets that use cryptography, an encryption technique, for security. Cryptocurrencies are primarily used to buy and sell goods and services, though some newer cryptocurrencies also function to provide a set of rules or obligations for its holders—something we will discuss later. They possess no intrinsic value in that they are not redeemable for another commodity, such as gold. Unlike traditional currency, they are not issued by a central authority and are not considered legal tender.

Keywords

Bitcoin, Cryptocurrency, Zebpay