What is Virtual Money?

[Blackhammer321]

From its word virtual it means unreal, virtual money is just an electronic codes or digits on your screen with important values. Virtual money is not backed by gold or valuable things even the real money but virtual money can be converted into a cash with the use of some applications. Main example is the bitcoin, its price is dependable and parallel on the demand.

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[crypto_mastermind219]

Virtual Money may be expressed as a digital representation of amount that is maintained by virtual community who also controlled those.virtual money is most popular and demanding money in both real and virtual world. lots of countries are accepted virtual money and also did transaction by real banks of countries too. this is now trusted and preferable money for present and future generation.its not the a dream right now,because, you can do whatever you want just setting in your home.

[Calebet0]

Due to the hot bitcoin, virtual currency is gradually becoming a hot topic.This definition may differ for persons. But, a virtual money must be used to for all the purposes what a traditional money is meant for. Otherwise there will be no point of calling it a money.

[alexmuro]

I have researched that 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. Virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming systems). In a later phase, virtual currencies started to expand to the physical world and
blurred the line between virtual and digital money.

Yes, you're right. For me, virtual money is an electronic or digital money that can be use as payment online or for gaming systems in a virtual community. Its just only a representation of money with no physical appearance and is not backed by gold.

[Ian Dave]

Yes, it's true that virtual money can't be controlled and if you don't secure that it will be gone forever. There are many hackers and they can easily get yours. We can't literally hold it. It is only found in our digital wallet.

[Jenn09]

Virtual currency, also known as virtual money, is a type of unregulated, digital money, which is issued and usually controlled by its developers (Bitcoin is an exception), and used and accepted among the members of a specific virtual community.

[semarmesem195]

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 just as percussed as paper money, it's just that virtual money has no form. And virtual money is a digital form of the banknote itself. Like what you say that virtual money is often used for online game payments. But if you know, the benchmark purchase price of the virtual money itself comes from fiat money. So that virtual money is an invisible form of paper money

[Cofee mix]

Virtual Money is a type of money that uses a blockchain operating system that can only be used in the presence of Internet jatingan. This virtual currency is like Bitcoin, the whole system is based on chain block or blockchain.

"So from publishing, the way transactions and records are all recorded in the blockchain decentralized network.So everyone can run this block chain server,

[bosimpson54]

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 the digital currency, there are in the algorithm, in my country there are many people think that virtual currency is a gambling-like thing and there are many to stay away from it, in which the government in the country I also banned Bitcoin because the current economic situation in the country has not developed to meet the financial needs of Bitcoin.

[jbarcenas18]

Virtual Money is a digital currency. An example of virtual money is bitcoin that is existing only in system, used and accepted for those who accept digital currency, it is intangible unlike regular money, where it is recognized already and has a physical form.

[webdevmastery]

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.

To simply explain what is virtual money then we can say it like a credit card which we can use to buy goods and products online and since bitcoins is a digital currency as well then there is stores who are accepting cryptocurrency as a payment method.

[chikading2016]

 virtual currency or what we called now virtual money is a kind of unregulated currency, offered and controlled by its developers. and is used and accepted to members of a particular community. In particular, virtual currency has no legitimate status.
Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking

[Gameroid]

Virtual Money is a digital currency. An example of virtual money is bitcoin that is existing only in system, used and accepted for those who accept digital currency, it is intangible unlike regular money, where it is recognized already and has a physical form.

Yes digital currencies are good example of  virtual, that we can only use through computer and internet, which do not have any physical existence but are only present in virtual life. Bitcoin is a virtual currency and i think most of the people are now giving more preference to virtual currency as compare to fiat currency. In modern time we can expect that people will give more preference to virtual currency as compare to fiat currency.

[irmaasmaranti]

Virtual Money is like the money we used to redeem / replace a good with a certain value. Virtual Money is often used for buying and selling goods online. To have virtual money a person must have a virtual account that functions as a normal account if we save in a local bank.
To withdraw Virtual Money we must transact with Third Party (Money Exchanger) and usually to cash Virtual Money we also have to have a local bank account to receive our virtual money money from Money Exchanger.

[Skieleton]

Nowadays, many transactions take place without any physical money, for example via online transfers or payment cards. It is known, however, that the money we see in the bank's online account can be withdrawn in the form of banknotes. This means that even electronic transactions are linked to "traditional" money. BTC is a new era .

[Stedman]

Most if not all money today is virtual. Even gold is only a representation of value. Everything that changes value has some "virtual" value attached to it. 

[Aum Ram]

Virtual money is any kind of assets that you can move through the Internet and electronic forms of payment. Soon there will be no place for banknotes.

[AnnaGeraMsk]

This is the same money as you have on a credit card, only they are not controlled by anyone or someone, not by the government))

[cherrymobile]

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 a currency that is not generated in the real world and instead could be found in the data of a computer. Cryptocurrency is a kind of Virtual money because it is generated digitally, and is non-existing in the real plane. In addition, Virtual momey or Virtual currency also has a very high volatility rate since the value for this type of currency is speculative.

[Marry Finch]

Virtual dengi ostadayut takoy zincnot'yu, as nactoyashchie (fiatnye), naxodyaschisya, czazhm, na bankkovkih cheshtaxa or in koshelkke pokupatelja. This kind of money has an inescapable advantage, as it will allow them to develop a number of functions that do not take place against the Fiat dengas.