Document Type : Research Article
Abstract
Aim: The study aims to look at college students' perceptions about cryptocurrencies and its future in India.
Background: Bitcoin, Litecoin, Etherum, and Ripple are examples of distinct types of cryptocurrency. In 2008 the invention of bitcoin was introduced by an unknown person or a group which is named Satoshi Nakamoto.
Methods and Materials :The survey on awareness about the cryptocurrency and its future in India among college students was conducted using google form link in the year 2020 . We have distributed our survey to 100 college students. SPSS software was used to collect, tabulate, and statistically analyze the replies.
Result: From the obtained data it is evident that 91.74 % are aware of cryptocurrency whereas 8.26 % are still not aware about the cryptocurrency. From the study population 73.39 % agreed cryptocurrency has a future in India and only 8.40 % agreed it'll be useful in future.
Conclusion : The findings suggest that the majority of the college students are aware of cryptocurrency but they lag in the knowledge of its usability. Very few participants only agreed that cryptocurrency has a future in India. It is the duty of the Government and crypto agencies to enhance its usage in India for safe and secure use of this virtual money.
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