What is Virtual Money?

[bellakrstna]

virtual money is a money that is stored in virtual wallet or account.
bitcoin is one of the example.

[romero121]

Same as that we have fiat in hands, virtual money can't be held in hands. It is upon trust, who doesn't believe in virtual presence can't use virtual money. Another thing is that fiat is backed by commodities, whereas virtual money is completely dependent on technology which makes it different from common fiat.

[rmc518]

Virtual money is simply money in digital form. Just like the ones in your credit cards. It also has value, a virtual wallet is also used to store it.

[CONOFLEX]

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 (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority.

[sashulya7979]

This is any amount or accumulation that are in a complex unit of a sister and can safely be stored for a long time. In general, it is convenient and everything on the phone screen can be viewed.

[x xurtjati]

true innovation and advancement of digital technology that can not be dammed and increasingly affect the lives of modern humans

[xandra]

virtual money is a digital money and one of the digital money is bitcoin. Transaction will be made through peer to peer using internet and wallets of everu person it is somewhat like banking but what make it different is the privacy of the person while doing transaction will remain anonymous not like banking they need to know evey details of your self.

[Boybugwal760820]

Well for me... virtual money is another form of currency which is very different to the paper 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 but has a monetary value and you don't have to carry the actual paper bills with you.

[seramania]

virtual currency is a good new technology and useful for the transaction system in the future, so I see it can be used as a substitute for money that has been used as currency for payment.

[vdhsas]

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.

Virtual economy is the dominant trend of global development in the 21st century! In the context of economic globalization and financial integration, Internet finance is already a dominant trend. The virtual currency refers to the informal currency.

[UAE Seasider]

Virtual money could be literally anything that you cannot physically see or hold, in ways FIAT currency is also virtual money as they were more promisory notes to pay the value upon redemption at a banking establishment. Right now we clasify crypto as virtual money but I thin you could also bundle credit cards in the same catergory.

[binting]

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 moneys just the same of dollars or others kinds of moneys , its having a digit form. So its a large sums with birtual money is good because it came from virtue that having or giving moneys

[bakekang008]

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 my own knowledge, virtual money is you can only use in online. By using pay bills, shopping, and other stuff that you can buy in online using virtual money.

[Astvile]

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.

Creation of virtual currencies is a huge milestone when it comes to financing.We accept that our future community will be relying on online stuffs and technology.So creating virtual money is a one step away move by us to adopt easily on coming future

[Yur]

Virtual money is something that can not be touched. But still they can be translated into real. Virtual money it is bitcoin, ethereum and others. Maybe virtual money is our future!

[ZIM17]

the virtual money based on what I know can refer to it as a digital representation of the value of the issue. this newspaper here explains why virtual money can be really valuable and what their basic features and advantages are also included this is called mining or blockchain.

[Pattart]

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.

Virtual money with paper dollar/digital dollar is very different, virtual money system is based on blockchain while paper dollar / digital has a central server. really what you say that virtual money is more likely to be unregulated and not legal. but the interesting thing is that the government can not make their own virtual currency? because you mentioned that virtual money has no legal tender and is unregulated? I think the example of the virtual currency is bitcoin itself.

[levvv]

from my opinion, virtual money is a money that stored in a virtual way, doesn't have a physical form.
but bitcoin is more that just virtual money. bitcoin is an asset that you can used for various things.

[ammo121810]

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 also known as the digital or crypto currency. This money is electronic modified and can be stored in different wallet and can be exchange through exchange sites. The virtual money is the money of the future and it is slowly evolving the world. Many investors now are investing in the virtual money because of its potential to earn more profit.

[amandavqm]

Well, have you heard about Venezuela? Because we have literally virtual money... You say is use to buy games and related type of items but here our current situation is, we do not have cash so every transaction in managed by transfer, debit-credit card and so on... Cash has grown to be a urban legend