Can E-money replace physical currency in the market?

Abstract

Abstract The topic of this research is "Can E-money replace physical currency in the market?" By exploring how different countries—Sweden, China, and Malaysia—approach the development and adoption of digital currency, we aim to understand how cultural and governmental factors influence the shift toward cashless systems. This study also seeks to examine the common and unique challenges faced by these regions in the digitization of money, in order to generate deeper analysis and potential hypotheses.