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What Is Digital Money? Digital money (or digital currency) refers to any means of payment that exists purely in electronic form. Digital money does not have a physical and tangible form, such as a dollar bill or a coin, and is accounted for and transferred using online systems.

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Digital currencies are virtual or electronic currencies that utilize cryptography for security and operate independently of a central authority, such as a government or a bank. They are typically decentralized and can be used for online transactions, investments, and remittances. Some common examples of digital currencies include Bitcoin, Ethereum, and Litecoin.
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