Bitcoin Awareness and Usage in Goa: An Update

Abstract

Bitcoins is the world’s largest and most decentralised cryptocurrency that is a topic of interest around the globe. It can be considered as cash on internet or an e-wallet. Bitcoin is not only the first crypto currency, but also the best known cryptocurrency in existence today.  Bitcoin is a digital currency which is owned, controlled by its users, peer to peer and has no  central control unlike traditional currencies. Today, bitcoin is recognised as the world’s most popular cryptocurrency and there is a possibility that it could one day replace physical  cash. However until Bitcoins is well regulated and controlled, user’s need to take extra precautions  of using this virtual currency. Lack of legislations is one of the main concerns in Bitcoins. This paper aims at assessing the awareness  and usage of bitcoins  focussing on the public and potential investors in Goa. The research underscores the need for greater awareness initiatives in the Goa region.