What are the different types of digital currencies?

The Currencies are of two types such as Standard Fiat currency and Digital currency. These two currencies are available in different forms. The Fiat currency is in a paper money form. This type of currency is used both in physical and electronic forms. Digital currency is only in the electronic form. This type of currency is not available in a physical form. Nowadays, people like to use the latest technology. They enjoy a lot by using updated technology. These technologies make people work simple and perfect. There will be a wide connection between the people and the technology. Most people have credit and debit cards along with them. Using these cards people can transfer money digitally.

Mostly Bitcoins are used among various digital currencies. We can also convert the bitcoins to the Indian Rupees, 1 btc to inr. There are various types of digital currencies. Below, we can see some of the digital currencies.

  1. Ethereum

This is one of the digital currencies. It is a decentralized computing platform. It may provide Ethereum Virtual Machine. This platform may allow various uses concerning smart contracts. This is safe to use in business. It will be helpful while doing business with unknown people.

  1. Ripple

It is a decentralized currency. Ripple is an exchange of real-time currency. It may provide instant, exact and less-charge foreign payments. It is also called as the Ripple Transaction Protocol or Ripple protocol.

  1. Litecoin

This type of digital currency is almost similar to Bitcoins. It is a crypto currency and is released under the MIT/X11 authorization. The formation and transfer of Litecoin depend on an open-source protocol.

  1. Bitcoin 

Bitcoin is one of the famous among the digital currencies. This type of digital currency is widely used by people. This currency can be used to buy products locally and digitally. We can also convert1btc to inr