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What is Digital Currency - Types of Digital currency - CryptoCurrency - digital currency explained
What is digital currency? At its most basic, it's money that is purely electronic. Unlike traditional funds you can access through online or mobile banking �. Transactions are then verified and recorded on a blockchain, an unchangeable ledger that tracks and records assets and trades. If you're. Digital money lacks a tangible form such as a bill, check, or coins. It is accounted for and transferred using electronic codes in computers. As technology.

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Some of the advantages of digital currencies are that they enable seamless transfer of value and can make transaction costs cheaper. SWIFT member institutions also function in a patchwork of regulations, each specific to a different financial jurisdiction. Some platforms will also accept ACH transfers and wire transfers.