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Advantages that digital currency have over cash Security.Decentralised & Autonomous.Fast, Mobile Payments Online.Peer-to-Peer Transactions.Minimal Fees.Discrete & Confidential.Safer for Merchants.A digital currency for merchants, backed by merchants' goods and services.

Digital money " refers to any means of payment that has cash equivalence but is stored in a purely digital form. It is used in the commercial transactions of goods and services in a highly connected world where trade is increasingly globalized and where the majority of the world's population is becoming urbanized.

U.S. Dollar (USD) European Euro (EUR) Japanese Yen (JPY). British Pound (GBP) Swiss Franc (CHF) Canadian Dollar (CAD) Australian/New Zealand Dollar (AUD/NZD) South African Rand (ZAR)

Three Types of Money Physical money. Physical money, meaning cash and coins, is created by the US Treasury.Central bank reserves. Central bank reserves are a type of electronic money, created by the Federal Reserve and used by banks to make payments between themselves.Commercial bank money.

Two types of currencies: refuge and commodity.

In a Nutshell. The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money. Commodity money relies on intrinsically valuable commodities that act as a medium of exchange. Fiat money, on the other hand, gets its value from a government order.

Digital money (or digital currency) refers to any means of payment that exists in a purely electronic form. Digital money is not physically tangible like a dollar bill or a coin. It is accounted for and transferred using online systems. One well-known form of digital money is the cryptocurrency Bitcoin.