What is Virtual Money?

[sunita01]

Crypto money is the virtual money that money we can not touch is called virtual money, it is called digital money, which bitcoin, altcoin.

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[crypteris]

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.

For me virtual money is you can used it online. You cannot hold it physically. But you can buy anything in online shop and also you can pay bills and other things.

Virtual currency is anything that cannot be touched but used as a currency for buying and selling things. Crypto currencies are indeed virtual ones and they are used for doing trading and so on.

Crypto currencies are the latest trend in the economics and people are really amazed by the way they are getting popular all over the world. The most important virtual currency is bitcoin because of its high prices and capability of generating profits.

I like your definition, simple and to the point. Just one addition, if you allow: "Crypto currencies are indeed virtual ones and they are used  for doing trading, as a payment method and as a store of value in short-term and long-term investments".

[Adiba14]

virtual currency that can be used to transact online. If asked how this form of currency, which is clearly not like the form of physical currency issued by a bank and not the currency of a country. The shape of this unique currency is just a file like common files.

[Ravenz]

Virtual is defined as having no basis of physical reality. Virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community.

[babarian]

Virtual is defined as having no basis of physical reality. or any form of currency without rules or regulations created and supervised by the developer.

[momoro]

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 is defined as having no basis of physical reality.virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community

[Klestar]

Virtual or Digital Money for some, is a type of currency that does not exist in the real world but instead is on a digital platform like the internet. Cryptocurrencies like bitcoin is a type of virtual money. Because obviously it is made and is used in the internet. Virtual money exists in different platforms therefore.

[pdutta]

Vitrual money is intangible currency has a value which can not be touched physically. Virtual money is digital currency or electronic money such as Bitcoin. Virtual money payments that can be used online. Virtual money are kept in a digital wallet and can be used to pay for actual goods and services from any person willing to accept them as payment.

[pathapoddo]

Virtual money has a different value. Their value are changing all the time. They have no form like dollar and euros. Some of they have authority and some of them has nothing.

[levvv]

virtual money is a money that stored in virtual. For example your bank balance. that is virtual money
but bitcoin is a cryptocurrency, bitcoin is the first, and altcoins is a coins that come after bitcoin.

[giarised]

virtual money is a money that stored in virtual. For example your bank balance. that is virtual money
but bitcoin is a cryptocurrency, bitcoin is the first, and altcoins is a coins that come after bitcoin.

Virtual currency could be easily defined as the money that is not having any sort of physical presence and yet has same value as the paper money. It is kept in various forms such as in bank accounts protected by security codes or in the form of plastic money. But in comparison to the paper money, it is not safe enough because it is more vulnerable to the process of hacking.

[CryptoRothschild]

Well, the point is that all money is in fact virtual, one way or another. Perhaps we should start to setup hierarchies of virtuality to establish which money is less real than others.

[rohican]

True, I think the creation of virtual currency is very good in the process of payment in the electronic field, it is very helpful because the ways and processes to conduct transactions that can be done easily and quickly, the virtual currency is very helpful.

I agree this virtual currency is very helpful for its users. Because the users can be facilitated in terms of transactions. Transactions with virtual currency are very practical, easy, cheap and can be done anytime and anywhere without going through a third party. I hope this virtual currency is always there anytime.

[smhome354]

Bitcoin and altcoins are virtual money. Unlike physical money they can be sent electronically which means it will be easier to transact with others. Money transferred through banks electronically are also considered virtual money. The fees in the banks are higher compared to digital currencies.

[Morjana17]

True, I think the creation of virtual currency is very good in the process of payment in the electronic field, it is very helpful because the ways and processes to conduct transactions that can be done easily and quickly, the virtual currency is very helpful.

Correct, virtual money is a currency in which it is valid for any transaction will do. The currency that can be change into money and it will do any business transaction like through online buying. Aside from that you can buy load and paying bills. In virtual currency is a gold money for me because it is very precious. Although it is digital money but it is easy way to do transact.

[paykal5]

 According to my opinion:-
Virtual Money is known as Virtual Currency.
In this virtual currency we doesn't have legal tender status in any jurisdiction. It's accepted by natural and legal persons as a means of payment and can be transferred stored or traded electronically.   

[boynegro]

Virtual money is almost the same as ordinary paper dollars. But they are in digital form. So much more convenient, because you do not have to wear large sums with you.

virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". ... In particular, virtual currency does not have legal tender status in any jurisdiction.

[waskaplung]

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 known as  In 2012, the European Central Bank defined virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community".

[ganlianshifu1]

Virtual currency is the electronic currency of non-fiat money, issued by its developers and generally managed by it. Such virtual currencies are largely confined to certain virtual environments. Digital money can be used to trade real goods and services, but only the digital currency issued by the state is the legal digital currency.

[jeysonserafini1]

Virtual money is money that you see the number that shows up on the screen.
Like perfect money, webmoney,... Bitcoin is a virtual money.