What is Virtual Money?

[gamechangers]

A virtual money is the non paper money, otherwise known as digital money which can be transferred electronically. Virtual money is much more convenient, because you do not have to wear large sums with you and in this case you are free from all the challenges associated with carrying physical cash.

[1715113586]

1715113586

[Larrycool]

Virtual money can be referred to those currencies that cannot be touched and cannot be seen, but the presence is there. Can be used in online transaction such as online shopping and other transactions. Virtual is term near about electronic and it is controlled by ledger. It is widely use by the people since it is easy to access with it rather than the real money that we have. This virtual money can be transfer to others, and can be exchange to other cryptocurrencies.

[rokergila01]

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.

The so-called virtual money that is Bitcoin is one of the most famous virtual currency in the world .... CEO Bitcoin Indonesia Oscar Darmawan explains electronic money has a server so there is a publisher company and responsible person.

[cryptobike]

its like air .....its exist but you cant see ....but you can use it

[Boysisig207608]

Virtual money for me is another form of currency which is pretty different to the paper bill currency in which we are very much used to, virtual money is another form of currency in which it don't have any physical form at all but just a digital signature or a monetary value. With the use of virtual currency we are able to implement the cashless payment method in which we don't need anymore to bring the actual paper bill currency.

[Anakcikal]

virtual currency virtual currency and cryptocurrency are more likely to hear you may be more familiar with terms like Bitcoin and Eter These are all cryptocurrencies that use Blockchain technology as well as virtual money / Virtual Money like the money we use to make up / replace nice with a certain value