What does "digital currency" represent in the economy? 🔊
"Digital currency" represents a form of currency that exists electronically, including cryptocurrencies like Bitcoin or fiat currencies in digital format. It facilitates online transactions, allows for decentralized finance (DeFi), and enhances the efficiency of payments. Digital currencies also challenge traditional financial systems and are increasingly being adopted for global commerce and investments, representing a significant shift in the economy.
Equestions.com Team – Verified by subject-matter experts