- Glossary
- Digital Currency
Digital Currency
Digital Currency is a type of currency used digitally as an alternative to traditional physical currencies.
Digital Money or Digital Currency is a type of currency used in the digital environment as opposed to traditional physical currencies. Such currencies are traded in a decentralized manner and are often supported by cryptographic technologies. Digital currencies can be transferred directly between individuals without the need for a central authority (such as a central bank). Such currencies may include cryptocurrencies created specifically using blockchain technology, but digital currencies may also include centrally managed digital currencies. Digital currencies can be used for online purchases, as investment instruments or for international money transfers.