Virtual currency

Basic definition

Virtual currency refers to a kind of virtual money on the Internet. That is, the information flow or data flow that replaces the physical currency circulation in high-tech. With the rapid development of information technology today, physical currency is far from being able to meet people's demand for capital flow.

Virtual currency is different from checks and wire transfers. The value that virtual currency cannot realize cannot be transferred through bank transfers. Currently, it can only circulate in the online world. Virtual currency is released by various network institutions on their own, without a unified issuance and management standard.