Topic: What is Virtual Money? - page 13. (Read 1440 times)
Virtual money is a form of money but it is just digital so it means that you need to access it through the internet and in that way you can use or get some of it. Virtual money is one of the new type of technology that we are dealing with and that is the cryptocurrencies that the people are buying and holding because just like them, i believed in this technology.
Virtual monies are crypto currencies. They are digital monies only used in the digital environment. They have value more often than not as the values of these cryptocurrencies are given in dollar. It increases in circulation when they are mined. It's price is usually affected by demand and supply
Virtual currency is a type digital money, which is usually controlled by programmer. This currency is used by some organization or community in the virtual world. This is also used in business,buy products & booking. It is also free from government taxes.
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.
Yeah! all your though is correct that virtual money are used in different ways in digital concept including the mode of payment in digital transaction. Nowadays virtual money have a big role in digital world because transaction using it in digital community is making faster and easy. Also most of people now are using internet and almost of them transaction are made in digital or in online. Through virtual money the transaction made through online is easy and the payment is fast and no hazel.
As a whole, the concept of virtual money is giving guarantee the people in fastest and easy way of access and transaction in online or digital world.
They can be used as a form of payment if another person is willing to accept them, they are not legal tender. The value of virtual currency can fluctuate significantly, they may not be accepted in many places and they are not guaranteed by any bank or government. Virtual currencies are kept in a digital wallet and the exchange platforms on which you buy and sell virtual currencies are generally not regulated, which means that if the platform fails or is hacked, you are not protected and have no statutory recourse.
Virtual money is 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.
example virtual money is bitcoin
example virtual money is bitcoin
This is the definition of cryptocurrency I quoted from oxford dictionary
The concept of cryptocurrency is essentially on encryption and decentralized techniques. In its development, this concept is growing with additional facilities in the form of ease of transactions and effectiveness as a digital asset.
Quote
cryptocurrencies: A digital currency in which the transfer of funds, the operating independently of a central bank.
The concept of cryptocurrency is essentially on encryption and decentralized techniques. In its development, this concept is growing with additional facilities in the form of ease of transactions and effectiveness as a digital asset.
in my opinion that Virtual Money is the money that we used to redeem / replace a certain item or property with a certain value 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. 
Virtual currency is a digital currency that can be used as a medium for digital transactions, just as in reality money is exchanged for material equivalence.
Virtual currencies generally include game currency and digital currency. Q coins, bitcoin, Ruitai coins, Litecoin, dog coins, vitality coins, ether, Ruibo currency are virtual currency.
Virtual currency is a digital currency that can be used as a medium for digital transactions, just as in reality money is exchanged for material equivalence.
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. Dollars are physical moner or paper money.
Virtual money is as precious as real ones, located, say, in Bank accounts or in the wallet of the buyer. This kind of money has a distinct advantage, as it enables to have a number of functions, not applicable to ' real money. Electronic money created in such a way that they are, in fact, counterfeiting is not possible, since they have encrypted digital format.
Virtual money goes on as internet money, but I do not know much about what it is, but I think we can use it when we use the internet, that is.
I read the whole of this thread, and I am amazed that only one post came close to pointing out that fiat bank deposits are virtual money, They have no asset backing, and pretty worthless guarantees. They only exist because people are prepared to accept ledger transfers in exchange for goods.
Virtual money - such as bitkoyn, have a strong impact on business and many areas of life, primarily by creating a new type of investment in various fields of science and technology. They contribute to the creation of new projects, the implementation of various platforms ...
Of course, their direct influence on different currencies is also traced ...
Of course, their direct influence on different currencies is also traced ...
True, I think the creation of virtual currency is very good in the process of payment in the electronic field, it is very helpful because the ways and processes to conduct transactions that can be done easily and quickly, the virtual currency is very helpful.
Virtual currency (and Bitcoin was a pioneer) is the coolest stuff to make fast and very safe anonymous transactions. This video is not the new one, but it will give you answer on this question: https://www.youtube.com/watch?v=SmExLsqQYEw
Virtual money is a digital currency which based on blockchain system. It is different from other currency, not visible but has value. Virtual currency is very good for transactions in the electronic field. It takes short time, low fee and very safe.
Yes virtual money is true that it is not manageable and a non-currency. virtual money or also know as cryptocurrency is different from the money that we holding. the advantages of cryptocurrency is you can earn and gain it easily rather that the real money. cryptocurrency is not really different from credit card.
Virtual currency is used as a token of the digital transaction medium, which is actually equivalent to the value of real money, but different from the real-money currency.
When someone say virtual we thought this is only available in online. This is really surprise that we have a virtual money which is valuable and make more from this. Biggest opportunity is that we can use use it whole world except some country. I hope one day all country will be permit this currency one day.virtual mean that don't need to put money on your pocket or parts. Wherever you are use it from online.
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