Digital currency

Digital currency is a form of electronic money that exists only in the digital world, with no physical counterpart such as coins or banknotes. It can be used for buying goods and services online and in some physical stores that accept digital payments. Digital currencies encompass a wide range of types including cryptocurrencies like Bitcoin and central bank digital currencies (CBDCs) that are being explored or implemented by various governments.

Digital currencies represent a significant shift in the concept of money, offering innovative ways to process transactions digitally. As technology and regulatory frameworks evolve, digital currencies could play an increasingly central role in global finance.