What is Digital Currency? | Crypto Terms Explained

Digital currency is any money that exists only as an electronic record, with no banknote or coin behind it.

In this 30-second explainer:
• Bank balances and payment app money count, as do cryptocurrencies.
• Cryptocurrencies run on public blockchains with no central issuer.
• Central bank digital currencies are issued directly by the state.

📖 Full definition and related terms:
https://blockspot.io/crypto-dictionary/digital-currency/

💬 Which digital money do you use most? Tell us yours!

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