Actually it's totally different,
even though its name was Cryptocurrency,we can not compare it to actual money aka Fiat.
if we want it to be considered as a 'real currency' we should have a physical form.
right now the best word to describe it is 'Electronic Payment' not 'Electronic Money'.
'Electronic payment' was a tool for people to help them send their money across the world,
it's just a tool and will never replace the real 'money' itself.
Good point. The two things, although similar in the aspect of being means of payment, it is different as well in may aspects. First off, talking about e-money, many people, especially the younger generations, would prefer that because it's convenient, and it's so easy to do. By just a mere click of a button or tap on your phone, you can make transactions everywhere and anywhere as long as there is internet. On the one had, traditional money is more of a reliable thing to use, you should note that not all countries are that open with using cards or e-currencies in transactions, and that's why money is still indispensable.
I think physical money is not that much effective as compared to the digital money digital money increases itself while holding and this is the best thing about bitcoin that it gives you more than you expect and for me I will vote for the digital money because it has profiting nature and there is no insecurity in using digital money and transactions are also easy in bitcoin and all this will be implement soon as world will get bored of cash.