Information in simple English

What is virtual currency?

Virtual currency, or virtual money, is a digital currency that is stored and transacted via certain software, mobile, or computer apps. Such representation of value that is neither issued by a central bank or a public authority, nor attached to a fiat currency.

Bitcoin, Ethereum, Litecoin, and XRP are examples of virtual currencies.  


  • Convenience
  • Decentralization
  • Speed
  • Transparency
  • Low Risk Factor


  • Legal Consequences
  • Irreversibility 
  • Unpredictability
  • Losing Keys 
  • Possibility of illicit activity funding