The future is moving towards technological advancements like block chain. The longer term of economic transactions is electronic transactions. Electronic transactions are on the tremendous rise with the widespread adoption of smart phones, where customers can transfer funds using mobile apps very conveniently. These advancements in electronic transactions and therefore the era of the globe moving towards digitalization and a cashless and paperless economy gave birth to 1 more such technological advancement in processing payments, i.e., crypto currencies. Though the adoption of crypto currencies depends on many factors like security issues as perceived by the government, it can see success in weaker currencies. However, even in these countries, these currencies will add a distinct segment marketplace if they survive. Suppose the globe is moving towards the adoption of crypto currencies. In this case, it's important to judge whether these currencies can perform the functions of cash. It had been argued that though digital currencies are the same as national currencies and may theoretically and practically serve their purpose. However, there are many arguments associated with it. Some say that digital currency is much too inflexible to be the unit of account and store important and can't fulfill the functions of cash. Crypto currency is stuck in the haze of monetary and technological instability. Research has got to be disbursed to alter the user's attitude and behavior towards it and see the crypto currencies from new perspectives. The adoption depends upon many varied factors like simple use, value formation, and government support. The paper's objective is to investigate the working of digital currencies in the related economies and therefore the potential of use in our economies. it'll include studying very well all the economies, which have diligently adopted digital currencies then lining out how in India the long run of digital currencies will get on and what political and structural reforms are going to be needed to try to to so.

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Keywords: Crypto Currency, Government, Financial Institution, Economy, Technology, Innovation.