Types of digital currencies,keyTakeways,pros&cons,future uses
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What is a digital currency? Digital currency is a form of currency that is only available in digital or electronic form. It is also called digital money , electronic money, electronic currency or cyber cash. KEY TAKEAWAYS Digital currencies are currencies that can only be accessed with computers or mobile phones as they only exist in electronic form. Typical digital currencies do not require intermediaries and are often the cheapest way to trade currencies. All cryptocurrencies are digital currencies, but not all. Digital currencies are cryptocurrencies. Some of the benefits of digital currencies are that they allow for a seamless transfer of value and can reduce transaction costs. Understanding digital currency Digital currencies have no physical attributes and are only available in digital form. Digital currency transactions are carried out using computers or electronic wallets connected to the Internet or certain networks. In contrast, physical cu...