What is Digital Currency | Types of Digital currency | CryptoCurrency | digital currency explained

Описание: From this video you will learn What is Digital Currency & how it works, Types of Digital currency, Benefits of Digital currency, Disadvantages of Digital currency for beginners in english.

Digital Currency:
Digital currency is a form of currency that is available exclusively in electric form. Digital currency generally do not have a physical form unlike currencies with printed bank notes or minted coins. The lack of physical form allows nearly instantaneous transactions over the internet and removes the cost associated with distributing notes and coins.

Types of digital currency:
Cryptocurrency
Virtual Currency
Central Bank Digital Currency.

Benefits of Digital currency
Faster transactions
Constant payment tracking
Fraud protection
Easy accessibility

Disadvantages of Digital currency:
Security issues
Accessible to everyone

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