What are digital currencies?

What is digital currency?

Digital currency is a digital coin send through internet. This currency represents value that is not issued by any central bank or government, but is accepted by people as a means of payment for goods and service.

Digital currency has a lot of advantages compared to other alternatives. Traditional banks charge fees to process. Monitory transaction this increases the cost of everything you buy.

They can even freeze your account and refuse to release your money if they choose to. But digital coins can be transfered or exchanged over the internet for person to person, person to business, business to business, without going through bank. This means lower fees, no account freezes, and no ristriction on your acccount.

Your digital coin can be stored in the digital wallet, cloud wallet and can be traded on a digital currency exchange for other currency including the US dollar, the Euro and many others.

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