Virtual Currency Vs. Cryptocurrency
Whether you're a proponent of digital currencies or you're still learning about them, you may have questions about whether a virtual currency or a cryptocurrency is the better choice. These questions are common, but it's worth understanding their similarities and differences before making an informed decision. Digital Representations of Value Having a digital representation of value is not an impossibility, thanks to the emergence of crypto currencies. These are digital representations of value that allow for nearly instantaneous transactions and allow owners to transfer their assets to other parties without the need to go through a financial intermediary. The term "virtual currency" is also used to describe money that is used to purchase certain goods on the internet. These are not all that different from actual currency and are usually…