Digital currency

Money that exists only in electronic form and is used for online transactions. Unlike physical cash, it is stored and transferred digitally and includes cryptocurrencies like Bitcoin and digital versions of traditional currencies issued by central banks.

• Exists only in electronic form and is not physically tangible.
• Includes both decentralized cryptocurrencies and government-issued digital money.
• Enables instant transactions without physical cash handling. 

How is digital currency different from cash? 
Digital currency exists only in electronic form, whereas cash has a physical representation like banknotes and coins.

Are all digital currencies decentralized? 
No, cryptocurrencies are decentralized, but digital currencies like CBDCs are controlled by central banks.