Challenges and Opportunities in the Development of Innovative Payment Methods Within the Monetary System

In the era of information technology and innovation, the emergence of electronic commerce has sparked a significant debate regarding the viability of introducing digital currencies, the assessment of associated obstacles, and the identification of potential opportunities. This study delves into the hurdles linked to the establishment of digital currencies and their importance in ensuring the seamless operation of the monetary system. The primary objective of this research is to identify the challenges inherent in the introduction of the Digital Georgian Lari (DGEL), evaluate its prospective benefits, and analyze its significance within Georgia's financial sector. The article provides insights into global practices related to the adoption of digital currencies, encompassing challenges and issues relevant to the rollout of the digital Lari. The paper offers an evaluation of the potential impact of the DGEL on Georgia's financial sector, with a special emphasis on its pivotal role in maintaining financial stability.