The Value of Digital Currency in The Banking Sector for Malaysian Bank Growth
Keywords:
cryptography, financial transaction, cryptocurrency, Malaysian banks, cryptographic currencyAbstract
Cryptography is used to protect financial transactions, confirm their authenticity, and control the issuance of new currency in digital money, also known as cryptocurrency. It can be exchanged for fiat currencies like the dollar or the euro and is not backed by any government. It can be used to make online purchases. To succeed, Malaysian banks must accept digital money so they can reach more people and provide services to more customers. Additionally, digital currency might enable banks to save time and money. Financial institutions that don't accept digital currency run the risk of falling behind the competition as it grows in popularity. As was previously stated, digital money is a completely digital form of cryptographic currency. It is accepted as payment for goods and services on the Internet and can be exchanged for other currencies, but it is not backed by any government or central bank.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Pakistan Review of Social Sciences (PRSS)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Submission declaration
Authors have copyright but license exclusive rights in their article to the publisher. Author's submission implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, it will not be published elsewhere including electronically in the same form, in English or in any other language, without the written consent of the copyright-holder.
