Digital currency (digital money, electronic money or electronic
currency) is a type of currency available in digital form (in contrast to
physical, such as banknotes and coins). It exhibits properties similar to
physical currencies, but can allow for instantaneous transactions and
borderless transfer-of-ownership.
Examples include virtual currencies, cryptocurrencies, and central bank
digital currency. These currencies may be used to buy physical goods and
services, but may also be restricted to certain communities such as for use inside
an online game.
Digital currency is a money balance recorded electronically on a
stored-value card or other devices. Another form of electronic money is network
money, allowing the transfer of value on computer networks, particularly the
Internet. Electronic money is also a claim on a private bank or other financial
institution such as bank deposits.
Digital money can either be centralized, where there is a central point
of control over the money supply, or decentralized, where the control over the
money supply can come from various sources.
Money is a current medium of exchange in the form of coins and
banknotes; coins and banknotes collectively.
Money is cash · hard cash · ready money · the means · the wherewithal ·
funds · capital · finances · (filthy) lucre · banknotes · notes · paper money ·
coins · change
Money can be the assets, property, and resources owned by someone or
something; wealth.
Money can signifies wealth · riches · fortune · affluence · assets ·
liquid assets · resources · substance · means · deep pockets · prosperity
Money is payment for work; salary · wages · remuneration · fee · stipend
· emolument
With all the new forms of exchanging wealth for goods, what should you
believe? Clicking on PayPal and inputting twelve coins, can you be sure to
receive the prize? Pull the one-armed bandit and see what you get.
Who (or what) can you trust?
Should you just put a run on the bank and store all the paper under your
mattress? Should you believe your financial institution would protect your
assets? Should you believe in this new invisible money and hope the check
doesn’t bounce?
Accustomed to paying for groceries with an insert of a debit card and
not carrying any cash has been adjustment but easily adaptable to the new way
of paying for items. No phone apps, but some scanner remote tool must be used
to conform with the 21st generation of purchasing consumer
abilities.
Can only wait until the next configuration of payment is given as an
option and then the only method for paying bills.
I dropped by four stamped envelopes filled with handwritten checks into
the post box today hoping they will reach their destination on time. I’ll check
my account online.
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