Digital currency: Difference between revisions
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Differentiate between digital currency and representative money. |
Reword the representative money paragraph. |
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A '''digital currency''', (also known as cryptcurrency, 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. | A '''digital currency''', (also known as cryptcurrency, 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. | |||
==Links== | ==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 | ||
* List of [[:Category:Digital currencies]] | * List of [[:Category:Digital currencies]] | ||
Revision as of 05:29, 9 January 2011
A digital currency, (also known as cryptcurrency, 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.
Links
- Electronic Money article on Wikipedia
- List of Category:Digital currencies