Achieving unanticipated personal and corporate desired goals requires the use of technology and innovation as the keys to unlock unattainable imaginations. This study focused on the role of the novel phenomena known as central bank digital currency (CBDC) in comparison to traditional currency notes. A total of 158 publications, spanning the years 2018 through June, 2022, were initially acquired from several research databases. However, 40 papers that fulfilled the criteria for title, abstract, and contents were chosen as the study sample size after being examined from the total number of articles downloaded. Additionally, based on individual and organizational perspectives, the outcomes of this study employed systematic literature review (SLR) to explain in detail why CBDC should be chosen and why it replaces the conventional physical currency.