As we know very well, the subject of the digital economy is very broad and has a wide range of terms that can often be used erroneously or confuse their meanings, as in the case of digital money, virtual money and cryptocurrencies are terms that we use and We listen daily in which there is a certain limit between one and the other. Since these three definitions are more correlated, they are not synonymous.
Therefore, we can define digital money as any economic means used electronically, that is, all the transactions we use every day, such as purchases with debit and credit cards, bank transfers, that is, everything that comes from a fund. . Physically support money or not.
On the other hand there is virtual money, which has no physical support, that is, it is an alternative measure to supplant the money issued by an official bank, or we can also find it in certain games that have a certain currency with which you can with certain tasks that the user can win and then change them for certain elements of the same game. Then you can say that all virtual money is digital, but not all digital money is virtual, it is a very clear and simple observation to mark the line of differentiation.
And, finally, the controversial issue of the second decade of the 21st century, Cryptocurrencies, which is defined as protected by cryptography and whose fundamental principle is to protect itself through the massive and distributed verification of the user. So, cryptocurrencies are digital and virtual money, but the difference is that they do not have a centralized control, but their basis is in cryptography to avoid the manipulation of their members. Now, that is the cryptography, it is a series of codifications destined to alter any language, in order that its message is illegible in order to maintain its confidentiality.
