Digital money, or digital currency, is any form of money or payment that exists only in electronic form . Digital money lacks a tangible form such as a bill, check. This guide shows you step by step, or coins. It is accounted for and transferred using electronic codes in computers.
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Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions . Cryptocurrencies don’t have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
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How To Buy Cryptocurrency
Read moreDoes China have its own cryptocurrency?
The digital yuan or e-CNY is a digital version of China’s sovereign currency and has been in the works since 2014. It is not a cryptocurrency like bitcoin but is instead issued and controlled by the People’s Bank of China .
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Also known as the e-CNY, it’s designed to replace the cash and coins already in circulation. It is not a cryptocurrency like bitcoin , in part because it’s controlled and issued by the central bank.
Read moreWhere can I buy China cryptocurrency?
How to buy Yuan Chain Coin
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