The Role of Central Bank Digital Currency on Features, Perceived Benefits and Challenges Compared to Physical Currency

Abstract

Achieving unanticipated personal and corporate desired goals requires
the use of technology and innovation as the keys to unlock unattainable
imaginations. This study focused on the role of the novel phenomena
known as central bank digital currency (CBDC) in comparison to
traditional currency notes. A total of 158 publications, spanning the
years 2018 through June, 2022, were initially acquired from several
research databases. However, 40 papers that fulfilled the criteria for
title, abstract, and contents were chosen as the study sample size after
being examined from the total number of articles downloaded.
Additionally, based on individual and organizational perspectives, the
outcomes of this study employed systematic literature review (SLR) to
explain in detail why CBDC should be chosen and why it replaces the
conventional physical currency.