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- Some digital currencies, like bitcoin, can be used to buy physical goods and services.[1]
- A type of digital currency transacted between peers on a decentralized, digital public ledger.[1]
- A digital payment system and digital currency being developed by Facebook.[1]
- Digital currencies offer numerous advantages.[2]
- Along with the regulated CBDC, a digital currency can also exist in an unregulated form.[2]
- Essentially, both virtual currencies and cryptocurrencies are considered forms of digital currencies.[2]
- Digital currencies, also known as e-money, are now more popular than ever.[3]
- Until recently, digital currency lacked the security to eliminate the need for paper money.[3]
- Importantly, digital currencies fill all the uses of traditional forms of money.[3]
- Digital money provides users with instantaneous transactions and more transparency in the market.[3]
- Digital Currency is a term that refers to as a specific electronic currency type with specific properties.[4]
- Digital currency can be denominated to a sovereign currency and issued by the issuer responsible to redeem digital money for cash.[4]
- In that case, digital currency represents electronic money (e-money).[4]
- Digital currency denominated in its own units of value or with decentralized or automatic issuance will be considered as a virtual currency.[4]