An Evaluation of the Possible Challenges in the Use of Enaira Platform
An Evaluation of the Possible Challenges in the Use of Enaira Platform
CHAPTER ONE
INTRODUCTION
1.1 Background Of The Study
Considering the rapid technological advancement and financial market evolution, a lot of innovative transactional products have emerged in recent years. According to McKarles (2019), the global financial system has clearly embraced the contemporary transition from physical currency to nearly digital currencies via the medium of technology. Despite the existence of commercial banks, the need for the introduction of digital currency was hatched in order to evolve with the wind of a cashless economy and money circulation (Moories 2015).
Any currency, money, or money-like asset that is largely handled, stored, or exchanged via digital networks, notably the internet, is referred to as digital currency (digital...
