Electronic currency, also known as digital currency or virtual currency, is a type of currency that only exists in digital form and is not tied to any particular country or government. It is usually kept in a digital wallet and can be used to make online purchases or send money to others. Bitcoin, the first decentralized cryptocurrency, is one of the most well-known examples of electronic currency. Ethereum, Litecoin, and Monero are some other popular electronic currencies. Electronic currency is decentralized, which means it is not controlled by a single entity, and transactions are recorded on a public ledger known as a blockchain. As a result, it may be an appealing option for those who value privacy and security in their financial transactions.

Electronic currency, or digital currency, is money that exists in electronic form and is primarily used for online transactions. Unlike physical cash, it is intangible and stored in digital wallets, bank accounts, or blockchain systems. Electronic currency includes central bank digital currencies (CBDCs), cryptocurrencies like Bitcoin and Ethereum, and traditional forms like electronic funds in bank accounts.

This type of currency facilitates fast, borderless transactions and eliminates the need for intermediaries in many cases. Cryptocurrencies operate on decentralized systems using blockchain technology, offering security and transparency. Meanwhile, CBDCs are issued and regulated by central banks.

Electronic currency is reshaping global financial systems, enabling innovations like peer-to-peer payments, smart contracts, and financial inclusion for unbanked populations worldwide.