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Sagot :
Cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Monero are money, they are just a digital form and currency of money.
Cryptocurrency refers to is any form of currency of money which exists digitally or virtually and which uses cryptography in order to secure transactions. There are about nine types of cryptocurrencies which are used as currencies.
Cryptocurrencies are quite useful as with it, the transaction cost is low to nothing at all, for instance, the fee for transferring money from a digital wallet to a bank account. You can make transactions at any time of the day or night, and there are no limits on purchases and withdrawals.
Hence, cryptocurrencies are money in a digital form.
To learn more about Cryptocurrency here:
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