Topic: What is Virtual Money? (Read 1405 times)
virtual currency virtual currency and cryptocurrency are more likely to hear you may be more familiar with terms like Bitcoin and Eter These are all cryptocurrencies that use Blockchain technology as well as virtual money / Virtual Money like the money we use to make up / replace nice with a certain value
Virtual money for me is another form of currency which is pretty different to the paper bill 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 at all but just a digital signature or a monetary value. With the use of virtual currency we are able to implement the cashless payment method in which we don't need anymore to bring the actual paper bill currency.
its like air .....its exist but you cant see ....but you can use it
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.
The so-called virtual money that is Bitcoin is one of the most famous virtual currency in the world .... CEO Bitcoin Indonesia Oscar Darmawan explains electronic money has a server so there is a publisher company and responsible person.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 can be referred to those currencies that cannot be touched and cannot be seen, but the presence is there. Can be used in online transaction such as online shopping and other transactions. Virtual is term near about electronic and it is controlled by ledger. It is widely use by the people since it is easy to access with it rather than the real money that we have. This virtual money can be transfer to others, and can be exchange to other cryptocurrencies.
A virtual money is the non paper money, otherwise known as digital money which can be transferred electronically. Virtual money is much more convenient, because you do not have to wear large sums with you and in this case you are free from all the challenges associated with carrying physical cash.
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 money is commonly and easily identifiable as a representation of fiat in digital form. With modern technology
and the internet, online transactions are much more faster and convenient. It's a growing trend and since were all
hooked to screens, phones and portable devices. Crypto and digital money is just an extension that complements the
technology and rising trend. It's now a universal standard in online and digital transactions and investments. It's money's
innovative contribution or response to the evolving digital age and movement.
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 means it is a currency which does not have the physical appearance and which exists in digital form and transacted only through the internet connections.And bitcoin and all other cryptocurrencies are in this virtual form.And one more thing, because of thus virtual nature crypto doesn't have any stability on its value(which always fluctuates its value as per the crypto market demand). 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 having no basis of physical reality. This virtual currency has
born and defined since 2012. Virtual money is almost the same as regular banknotes. But virtual money is invisible but has value, so it can only transact using the internet network.
born and defined since 2012. Virtual money is almost the same as regular banknotes. But virtual money is invisible but has value, so it can only transact using the internet network.
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.
Fiat and virtual money are same in some aspects and it is upon trust who doesn't have confidence in virtual nearness can't utilize virtual money. Something else is that fiat is upheld by commodities though virtual money is totally subject to technology which makes it not quite the same as normal fiat. 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 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.
This is the reason why I said newbies shouldn't be able to create posts.
Virtual money is money that can not be grasped. It has no specific physical shape and is used in an electronic environment. Virtual money is usually used to make payments, made services through the internet (with user and password). This method is extremely convenient for the growing economy as today, used by many people. I am confident that this virtual currency will grow more and more because of its popularity and convenience.
Virtual Money can be 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 and Cryptocurrency is a typical example.
theres a lot of definition of virtual currency or what we called virtual money.. some says it is a unseen currency but can legally be used in payment method some says it is future currency etc. and yes every opinion and own definition and understanding are all true. virtual currency is unregulated digital money BUT still not the same as a digital money itself. because virtual currency is controlled by its developer and not by the government while digital money is what we all have in our bank ( by using our debit and credit acct.our money becomes digital and paypal as well is considereds as digital money as we all know that ofcourse.) so that is why virtual money most of the time people think that it is illegal and can be easily used by criminals because it is not under government not even release in central bank..but still people whp knows what virtual money is.. still using this as a LEGAL payment method.
virtual money is a digital representation of value . it is use and accepted by members of a virtual circle. this virtual money can be used to make physical purchase like cars, Grocercies and it can also be used to value local currencies
What is virtual money
Virtual money is called conventional units, which are represented as records in different electronic systems. All transactions usually occur using the power of the Internet, but sometimes you can dispose of electronic money using a mobile phone. Each user can exchange electronic money for cashless or cash at any time. This service also involves opening your own electronic account in a few minutes and absolutely free.
No one will say exactly when the electronic money appeared! This happened unnoticed, as there was a need to pay for services without leaving home. And, undoubtedly, in the near future, electronic money will acquire a single world-wide character.
Payment for services with virtual money is a bit like a method of calculating a regular check, but you do not need to sign by ink, but with an electronic code and a password. This method of payment is very convenient, since virtual money is instantly transferred to anywhere in the world, and almost all financial transactions can be made without contacting the bank. The relevant software controls the correctness of the transaction and pays for the purchase within a few seconds.
Virtual money is called conventional units, which are represented as records in different electronic systems. All transactions usually occur using the power of the Internet, but sometimes you can dispose of electronic money using a mobile phone. Each user can exchange electronic money for cashless or cash at any time. This service also involves opening your own electronic account in a few minutes and absolutely free.
No one will say exactly when the electronic money appeared! This happened unnoticed, as there was a need to pay for services without leaving home. And, undoubtedly, in the near future, electronic money will acquire a single world-wide character.
Payment for services with virtual money is a bit like a method of calculating a regular check, but you do not need to sign by ink, but with an electronic code and a password. This method of payment is very convenient, since virtual money is instantly transferred to anywhere in the world, and almost all financial transactions can be made without contacting the bank. The relevant software controls the correctness of the transaction and pays for the purchase within a few seconds.
The virtual money has similarity with other currencies. It can be used for transactions and more, but the difference is virtual money is often also called digital money, and bitcoin is one of the virtual money or digital currency that is famous today so that now bitcoin become one of the digital currencies or the king of all cryptocurrency that are in great demand by the public in this world who has the most investors who invest on it.
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.
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 currency is the plan of jak ma who created alibaba and he wants to live a cashless country. There is a huge chance in the future that it will be implemented on the entire world because the price of bitcoins today in the market is continuously growing.
From what I understood from different sources virtual money is something which we can see it, but it is impossible to feel it placing in our hands or with some physical touch. Now there are virtual coins available same as our fiat carrying the qr code of the respective wallet.
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