Digital currency: Difference between revisions
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A '''digital currency''' | A '''digital currency''' refers to money or [[wikipedia:scrip|scrip]] which is only exchanged electronically. | ||
When money transfers occur as a bank wire transfer or ACH payment, or even transfers of money using services such as [[PayPal]], the funds are sent electronically but the currency transmitted is representative money and what transfers is an underlying fiat currency. | When money transfers occur as a bank wire transfer or ACH payment, or even transfers of money using services such as [[PayPal]], the funds are sent electronically but the currency transmitted is representative money and what transfers is an underlying fiat currency. | ||
[[Bitcoin]] has been described as the first decentralized digital currency. | |||
==See Also== | ==See Also== | ||
* List of | * [[BTConvert]] | ||
* [[List of alternative cryptocurrencies]] | |||
* [[:Category:Money transmitters|Money transmitters]] | * [[:Category:Money transmitters|Money transmitters]] | ||
* [[ | * [[Redeemable code]] | ||
==External Links== | ==External Links== | ||
* [http://en.wikipedia.org/wiki/Electronic_money Electronic Money] article on Wikipedia | * [http://en.wikipedia.org/wiki/Electronic_money Electronic Money] article on Wikipedia | ||
Revision as of 00:07, 11 March 2018
A digital currency refers to money or scrip which is only exchanged electronically.
When money transfers occur as a bank wire transfer or ACH payment, or even transfers of money using services such as PayPal, the funds are sent electronically but the currency transmitted is representative money and what transfers is an underlying fiat currency.
Bitcoin has been described as the first decentralized digital currency.
See Also
External Links
- Electronic Money article on Wikipedia