Cryptocurrency Q&A
Is digital currency real money?
Is digital currency real money?
Tommaso
Sun Nov 17 2024
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7 answers
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I've been hearing a lot about digital currency recently and I'm wondering if it's actually real money. Can it be used like traditional currency, or is it just a fad? Is it backed by anything, and is it SAFE to use?
7 answers
ShintoSanctum
Tue Nov 19 2024
Virtual currencies are not issued by governmental bodies and are not recognized as legal tender.
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TimeRippleOcean
Tue Nov 19 2024
These currencies facilitate the transfer of ownership across governmental borders.
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henry_grayson_lawyer
Tue Nov 19 2024
They can be used to purchase physical goods and services in certain contexts.
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Eleonora
Tue Nov 19 2024
However, their usage may be limited to specific communities.
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Valentina
Mon Nov 18 2024
For instance, virtual currencies may be restricted to use within an online game.
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