What is Digital Currency | Types of Digital currency | CryptoCurrency | digital currency explained

From this video you will learn What is Digital Currency & how it works, Types of Digital currency, Benefits of Digital currency, Disadvantages of Digital currency for beginners in english.

Digital Currency:
Digital currency is a form of currency that is available exclusively in electric form. Digital currency generally do not have a physical form unlike currencies with printed bank notes or minted coins. The lack of physical form allows nearly instantaneous transactions over the internet and removes the cost associated with distributing notes and coins.

Types of digital currency:
- Cryptocurrency
- Virtual Currency
- Central Bank Digital Currency.

Benefits of Digital currency
- Faster transactions
- Constant payment tracking
- Fraud protection
- Easy accessibility

Disadvantages of Digital currency:
- Security issues
- Accessible to everyone

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