Welcome. Get your technical questions answered and offer your help too!!!

Digital money. What is it?

asked Nov 4, 2013 by Amos MacDrops Guru (29,480 points)  
We have come a long way and that is a fact.

Back in the day there were various forms of medium of exchange. Some used gold, livestock, wheat and many more. We moved to a time when people used notes and coins. This even though still the majority's medium of exchange a certain percentage  has taken to plastic money.

Everyday, as evident by the change in medium of exchange, something new comes up. We have heard here and there of bitcoins. Now we are hearing "Digital Money".

What is it? How different is it from Bitcoins?


1 Answer

0 votes
answered Nov 6, 2013 by Melly Guru (25,950 points)  
Can be called Digital currency also, among its various names, is electronic money that acts as an alternative currency. Currently, alternative digital currencies are not produced by government-endorsed central nor necessarily backed by national currency

Welcome to Techzim Answers,

You can ask questions and receive answers from the Zimbabwean internet community.

If you're not sure how to proceed from here just click here and ask