What is Virtual Money?

[jinxing]

Virtual money is money that is not visible or not real shape. But can be used for various transactions. One of the virtual money is bitcoin. This system uses virtual money denominated in coins. And the coin is worth as it has been specified by the developer or virtual money maker this virtual can be used for transactions only in certain environments only. And do not have attributes such as fiat money

[1714966829]

1714966829

[1714966829]

1714966829

[Noore Najjar]

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 can be characterized as a computerized portrayal of significant worth that is issued and controlled by its engineers, and utilized and acknowledged among the individuals from a particular (virtual) group. Not at all like normal cash, it is depending on an arrangement of trust and not issued by a national bank or other managing an account specialist

[Xavieroz]

 Virtual currencies such as bitcoin are neither good nor bad by themselves, but depend on the use made of them. Its boom and growth are accompanied by fraud and cybercrime, as with the physical currency.

[yana0901]

Virtual money is something that can not be touched. But still they can be translated into real. Otherwise they would not be called money

[Dico88]

For me the virtual money is almost the same as a normal paper dolat. They are in digital form but it is much more convenient because you do not need to use large quantities with you.

[hafeezbaloch]

virtual money is a also types of ditital currency... and also like bitcoin

[blackrockcrypto]

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.

interesting, and understandable) thanks for the interpretation

[BTCedgar]

Virtual money is a type of unregulated, digital money which is only used and accepted among the members of a specific virtual community.

[Punisherx100]

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.

In general, virtual currency is way too far from our traditional money. Whatever happens what we need to know is that it runs by the use of technology and without these applications everything was useless. To understand its difference from our traditional money I suggest to visit this site about

10 things to know about virtual currency Bitcoin

https://m.hindustantimes.com/business/10-things-to-know-about-virtual-currency-bitcoin/story-gB2imQAXcUPIegGlCGslQI.html

By these time it's making noise to our society and influence almost all of us even the big companies in the world but how these new trend become a massive energy hog?

Visit this link to know more about and share knowledge to our fellow crypto users.

https://www.pri.org/stories/2018-02-04/bitcoin-virtual-currency-has-become-massive-energy-hog?amp

[abhishek_bittu]

Virtual money is money without physical form - electronically recorded, moved, and stored. Since the 1960s most money has been stored in computers. Coin and currency vaults hold a small fraction of a bank's assets. Computer records and transaction flows are most of the money in the country (and most countries). Today, check images are captured and moved at the speed of light from depositing customers, to their banks as virtual deposits, cleared to the banks they are written on, credits and debits moved to record activity.The physical checks no longer need to be moved.............

[jeanpadel14]

In my understanding in my research about what is virtual money vs.the regular money and what is their differences. Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking

[9jaflick]

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.

[wowbit123]

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 is like bitcoin. You can't hold it physically but you can used to spend online, you can used to pay your bills. And also you can used for trading.

[pekcoin01]

What is virtual money? Credit cards, debit cards are not virtual money either? You use the money you do not have in your hand as you like. Think of this logic in the bitcoin market.

 

[Odik_sidik_04]

I think virtual money is one of the currencies used in the internet world but can still be converted into real money in the real world. examples of this virtual money like bitcoin and so on

[prediction on bush]

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 can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific community.  They are in digital form but it is much more convenient because you do not need to use large quantities with you. That's my knowledge about virtual money.

[Granslam]

Virtual money or Electronic Currency for some is a currency used and is created with the help of computers. They are just like cryptocurrencies like bitcoin except that they are localized and is centralized. Moreover, Virtual money is widely accepted and is ubiquitious tgey are accessed using an ATM, provided that you have a Credit card with you and you have your pin rembered or recorded. MElectronic Money unlike bitcoin does not provide anonymity and is taxable. And since it is localized it couldn't be used for the same purpose as bitcoin and other cryptocurrencies

[mcqueen95]

A lot of confusion exists around the terms virtual money and digital money. when we are talking about digital money. this concerns the categories M2 and M3 of the financial system (M1 are physical notes and coins in circulation). worldwide, more than 95% of thr currencies is digital. virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming system). in later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.

[Tnt1971]

Virtual money and fiat paper money is same value.but virtual money is not touch by hand but a digit.on the other hand fiat paper money is easily carrying by hand or bitcase.

[Ethan Becker]

Virtual currency (also known as digital currency or cryptocurrency) is an electronic currency that acts as an alternative currency that is neither government-funded nor backed by national currency.