Digital Money: What It Is, How It Works, Types, and Examples Digital money or digital currency is any type of funds by having a third electronic form and is accounted for and transferred using computers.
Businesses and individuals are jumping on the crypto bandwagon every day. Fiat currency is money backed and guaranteed by a government or authority. El Salvador and Bitcoin As an example of where cryptocurrency was used as legal tender in an attempt to replace banks and currency, El Salvador introduced the Chivo Wallet in September of , as well as a rollout that Bitcoin would become legal tender in the country. Trending Videos. Back Up.
