virtual currency

Virtual currency is a form of digital money that exists only electronically and isn't issued by governments or banks. It relies on blockchain technology, a secure and transparent digital ledger, to record transactions. Examples include Bitcoin and Ethereum. Virtual currencies can be used for online purchases, investments, or transferring funds across borders quickly and with lower fees. Unlike physical cash, they are stored in digital wallets and require internet access for use. While they offer innovative financial opportunities, they also carry risks such as price volatility and regulatory uncertainties.