What is Virtual Money?

[silviocorrea]

The virtual money can be defined as a digital representation of the value that is issued and controlled by 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

[Karakyli]

Electronic money is created in such a way that they do not appear to be illegal, since they have a digitized digital form. The environment of some people uses the idea that you can take the credit card system swiftly. This is an abolutely erroneous idea.

[Falgorn]

Systems of electronic payments allow one to generate one virtual currency in the other without any problem. It occurs at the same time, with the aid of multifaceted nature reserves and onion birzh. To provide this process also can be inside the internal payment system, even though the exchange rate will be slightly lower at the same time.

[Marucya]

Ellektronicnaya valyuta c every year, the food will be replaced by the increasingly large population. This fact also means that the whole of the transaction with the virtual currency (purchase of goods, payment of any service, exchange of money, etc.) may be possible even from a mobile telephony.

[Delgadobitpay]

Hackers hack into the computers of inexperienced users, in the result they enter passwords and electric keys. Incorporate a file into the proper box in the future is quite dull. Therefore, in order to avoid such a problem, we do not need to observe the elementary rules of safety, which are printed in each payment system.

[newguy05]

There’s a lot of misunderstanding around the terms “virtual” and “digital. All virtual currencies are digital but the vice versa of this is not correct. Digital currencies are currencies that are stored and transferred electronically. Virtual currencies are used primarily for online entertainment. We can not use virtual currencies in a real world.

[Valerianbit]

In the difference between banks, the systems of electronic payments work constantly, in an automatic mode, that is, without going out, alone, and on all the way out, which is very good for a financial client. To this, the same money can be implemented as inside the cov- erage, so also on the ee of the page.

[Abigail Black]

Virtual money has a high speed of transfers. To make the purchase of goods more convenient or to provide payment for any service may be with a masculine secret, but not at the expense of this large amount of money for commerce. This means that if you use an electronic payment system, which in the City is very large, and there are many hotels with every year.

[shibisu]

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 the 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

[Jigsawman082076]

Virtual Money for me is something which you cannot physically hold or keep, it is an internet or digital currency which can also be cash out to any kind of currency in any part of the world which has a mobile or internet connectivity so without the said connectivity this currency will never exist also, digital currency is best when you are traveling because it release you the burden of bringing the actual paper bills in which we are very used to.

[Mariela]

I think virtual money is almost or nearly as describe on real money but not completely.

[durgeshjishri]

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.

I feel like virtual money is significantly different from crypto currency. Mainly, crypto is usually anoymous and decentralized.

Virtual money, for me, refers to just any form of payments that's done online. I think venmo and PayPal are modes of operating virtual money, so as you can tell, in my definitions, it's pretty clear what the differences are.

In this sense, virtual money has been around for a while, and crypto currency is just a piece of that virtual money pie.

Thats it ,any transaction online is seems to be good explanation for for virtual money and crypto currency is just part of it, its really what you can't have in past. when online transaction was done in terms of currency and prior to that in form of different goods.

[Seaze007]

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 for me is you can only used online but you can chamge also to become physical money by selling in exchanger, but you can only own virtual money by go for trading, mining, or buying bitcoins os crypro.

[bajingluncat]

its entire system is based on book chain, so multi From publishing How to transaction as well as recording all recorded do network of decentralized blockchain

[Df9898]

Virtual money is a currency that is online and he is made up of many types of money but the biggest is bitcoin because its value is very high and lost to the world-wide currency and there is also bottom like eth which also has a value that beat the world currencies but its value is not very high like bitcoin whose value is very high.

[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.

Virtual money for me is you can only used online but you can chamge also to become physical money by selling in exchanger, but you can only own virtual money by go for trading, mining, or buying bitcoins os crypro.

Virtual money is basically just the same as credit cards and you can use it to buy products and goods online. Since cryptocurrency is a digital credit then we can have faster and secured transactions if we are going to use bitcoins to buy goods and products online.

[lioking]

virtual money is different from cash money.you can't see or touch this it managed by computer or mobile by using internet network.it is stored in a virtual wallet.the more the amount is easier and safe to carry. to use this money by spent or investment.there is no required time or amount,it is free from bank and government,bitcoin is a most popular  in this virtual money.

[Fantastic33]

Virtual money or digital money is an electronic money, just like bitcoin. The main purpose why it was developed is to make transactions fast and easy. Meaning you can send and receive money anytime wherever you are. With this type of money, you can shop even without a cash or fiat on hand. However, the bank do not recognize it as acurrency and some countries already banned it due to financial risk and security issues.

[plaintiff77]

This means money which is electronic. You cannot touch it and the value is just through web. Like bitcoin and other altcoins. It is generated through internet. It is also used using internet. It is brought to the market since we are getting more digital and we are currently on computer age. This cannot be stored in the bank.

[Kahoy01]

Virtual money is a type of currency generated not physically but manifests its value on ths digital world. Bitcoin and other forms of cryptocurrency is a prime example to this. Moreover, Virtual money can also be found on ATM credits, Prepaid Load, Electronic Cash used to buy stuffs like videogames and such. Every kind of vrtual money shares the same characteristic. They all are converted from fiat money.