An Introduction to Digital Currencies - Not all Digital Currencies are Crypto!
In simple terms, everything is digitized nowadays such as payments, education, banking, hospitals and shopping. Digital currencies usage and their features have led companies to come up with different types of it. In this blog, let us see the types of digital currencies, the benefits they render and finally touch upon cryptocurrencies. Digital currency and its types Any currency that can be accessed digitally can be termed as a digital currency. Virtual currencies, cryptocurrencies, and e-cash are some of the examples of digital currencies. Digital currencies have major applications in the finance industry making secured transactions by eliminating the risks of phishing attacks and stealing. Now, let us see the types of digital currencies! Two popular types of digital currencies are discussed below Virtual currencies Cryptocurrencies Virtual currencies or Virtual money - These digital currencies are used inside a particular system or network. Example: A pa...