Digital currency

Digital currency refers to any form of currency or money that exists only in digital or electronic form. Unlike traditional physical currencies such as banknotes and coins, digital currencies are not tangible. They can include cryptocurrencies like Bitcoin, Ethereum, and Ripple, as well as central bank digital currencies (CBDCs). This form of currency leverages blockchain technology and cryptographic processes to secure transactions and control the creation of new units. Digital currencies offer the potential for lower transaction costs, enhanced privacy, and global accessibility. They have become increasingly popular for online transactions and investments due to their convenience and potential for high returns.