Digital currency: Difference between revisions
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A '''digital currency''', (also known as | A '''digital currency''', (also known as crypto-currency, cyber currency, digital cash, digital currency, digital money, e-currency, e-money, electronic cash, electronic currency, electronic money) 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. | 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. | ||
Revision as of 06:26, 13 June 2011
A digital currency, (also known as crypto-currency, cyber currency, digital cash, digital currency, digital money, e-currency, e-money, electronic cash, electronic currency, electronic money) 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.
See Also
External Links
- Electronic Money article on Wikipedia