Digital currency or digital money is distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. 


Both virtual currencies and cryptocurrencies are types of digital currencies, but the converse is incorrect. 


Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network.

Nirbhay Dubey

Simplicity is the ultimate sophistication, is what defines Nirbhay. A graduate from the prestigious Delhi University and Masters in Art, Nirbhay is gifted to see politics in life all around. With his adroitness in understanding of the Indian Political arena, Nirbhay adds value to Zigya on the Political Science stream. Nirbhay also enjoys dribbling in the social media and contributes in the company's digital marketing initiatives. Follow his work at www.zigya.com

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Digital Currency was last modified: December 26th, 2016 by Nirbhay Dubey