digital currency

Digital currencies are digital forms of money that are used for transactions and other financial activities.

They exist only in electronic form and can be accessed with computers or mobile phones.

Digital currencies are typically managed, stored, and exchanged on digital computer systems.

There are several types of digital currency, including cryptocurrencies such as Bitcoin and Ethereum, stablecoins such as Tether, and central bank digital currencies (CBDCs).

Cryptocurrencies are decentralized digital assets that use cryptography to secure transactions. Stablecoins are cryptocurrencies designed to maintain a stable value relative to a fiat currency or commodity. CBDCs are digital liabilities issued by central banks that can be widely available to the general public.

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