Cryptocurrencies now remain in the portfolio of institutional investors. Although the use of electronic money, ie "non-physical" is expected to rapidly increase in our daily lives, we will explain the terms of virtual money, digital money, electronic money and crypto money, which we hear more and more. . every day, and the differences between them.
These concepts, which have not yet been fully legalized, have the possibility of being used by different institutions. For example, electronic money is expressed as a monetary cost issued by an organization to a fund of the European Central Bank. And this money is used for payment purposes. However, in opposition to this, we see that the same term is used as a general criterion for non-physical money.
The coins are arranged according to their availability, issuing organization, form and transfer mechanism.
Physical currencies consist of local currency, cash, and commodities. Virtual money is classified as electronic money that is not available to everyone. These coins that only have the possibility of being used by a set on a closed platform. If created outside the central bank, the money could be controlled by someone who develops this money called virtual money currency. We see that in PC games coins are played in those days. Which players use to exchange the instruments used in the game with each other or the games, could be an excellent example of virtual money. In-game currency can only be used in-game, it is issued and controlled by the game developers.
Crypto has disrupted the traditional economic model of all countries! Just take a look at countries like Venezuela, El Salavador, and Vietnam. The population has a chance to save their money and earn passive income without suffering from the inadequacies of said country's financial system.