Quote from: rainezerr on March 12, 2018, 11:32:45 PM

Quote from: goodpeople222 on January 27, 2018, 10:23:33 PM

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.

Cryptocurrency is a good example of virtual currency and since credit cards are widely used today so online stores are also creating a payment method where you can use your cryptocurrency to pay bills and purchase any items online if they will allow it.

Bitcoin coin and all its altcoins are virtual currencies, virtual currencies are not in physical form but we can only use it online for different purposes, it is just in numeric and do not have any physical body. It is a new concept which is becoming popular in moder time from time to time, people now like to use virtual currencies instead of fiat currencies.