Cryptocurrency is essentially electronic or digital money. However, unlike online banking, it has no physical counterpart. It is a form of currency that can never be seen or touched except on digital screens. Cryptocurrencies are money that can be sent from person to person and stored in completely secure virtual wallets, not tied to any country or authority. It is a global payment, transfer, and investment system that allows direct transactions from person to person, not between banks. Cryptocurrencies, which started with Bitcoin, have now created their own market with many different types. Among the most well-known are Bitcoin, Litecoin, and Ethereum. Cryptocurrencies, which are increasingly used as a payment system in various areas of life, are seen as the financial system of the future.
