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What is a digital currency?

dig - i - tal cur - ren - cy
noun

A digital currency refers to a type of currency that exists solely in a digital form. This includes the entire spectrum of financial operations, from the way it is administered, stored, and traded, to its use in various forms such as eCash, cryptocurrencies and virtual currencies. It goes by various names, including "digital money" and "electronic money." This form of currency is not tangible; instead, it exists purely in electronic or virtual formats, making it distinct from traditional physical currencies.