Post
Topic
Board Bitcoin Discussion
Re: What is Virtual Money?
by
TheGodFather
on 06/03/2018, 06:52:38 UTC
About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual money for me is by definition currency that doesnt exist in the physical world... yet. Virtual money is the currency that you are using to transact online or in the virtual world. The digital currency is the one that is being held accountable when it comes to using the virtual world as a means to send or sell or even buy stuff. Having this cirrency is beneficial to those who likes to keep themselves anonymour or for instant and faster processing of their involvement on business