Cryptocurrencies offer convenient buying, selling, exchanges, and transactions. Despite the emergence of cryptocurrencies, the literature on the subject is still exhaustive. Due to the rapid development of cryptocurrencies and their effects on economies, constant new research is conducted. This observation raises the need for research clarifying cryptocurrencies’ impact on economic growth. After reading different research papers based on different economies and scenarios, this study is conducted with a systematic literature review. The findings conclude that cryptocurrencies are revolutionary by introducing a new digital cash system with a higher rate of acceptance and adaptability globally. The features of cryptocurrencies are unique, but challenges of trust are there for adoption, which can be addressed through legal protection and standard regulations. After reviewing the latest and diverse literature, this study provides insight that will help policymakers and investors in the context of cryptocurrencies.