Define Digital Money
Outline virtual cash - Consider cash that exists handiest within the virtual international, saved and exchanged via computer systems and smartphones. That is necessarily what virtual cash is. It is a extensive time period encompassing more than a few paperwork, from cryptocurrency like Bitcoin to virtual wallets and on-line cost techniques. Key Traits of Virtual Cash Decentralized or Centralized: Some virtual currencies function independently of central banks (decentralized), whilst others are controlled by way of establishments (centralized). Safe Transactions: Virtual platforms steadily make use of encryption and different security features to give protection to transactions. Accessibility: Virtual cash will also…