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Introduction to Cryptocurrency

Cryptocurrency is a digital currency which is encrypted. Encryption is used to not only keep the currency secured in a digital wallet but also to regulate the generation of units of currency and verify the transfer of funds. Unlike with fiat currency (such as British Pounds, Euro and US Dollar) digital currency is not regulated by a central bank which has implications for its regulation.

There are many digital coins/cryptocurrency coins that are being introduced by various companies - the latest at time of writing this is Facebook whom are looking into launching a crypto currency for their app WhatsApp App.

Can I use Cryptocurrency in shops and retailers or online on the Internet?

At the moment very few shops and retailers accept Cryptocurrency. There have been people and companies which have enabled purchases of property and pizza using Cryptocurrency in the United States of America. Please search using a Search Engine for more specfic examples and places you can use Cryptocurrency to buy products and services.

The unstable market of Cryptocurrency

Bitcoin is the most famous cryptocurrency which reached and peak at the end of 2017/beginning of 2018. The value of Bitcoin has since dropped considerably. Other cryptocurrency prices have also risen and fallen and the values of cryptocurrencies continues to rise and fall each day making it an unstable asset to hold as a currency.

Buzzwords and search terms for Cryptocurrency

If you are to keen to learn more about Cryptocurrency you could search using the following keywords: Cryptocurrency, Blockchain technology, Peer to Peer, Digital currencies, digital coins, etc.

Popular Cryptocurrency exchange rates

View the live rates for the most popular Cryptocurrency (Coming soon).

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