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Digital currencies are payment methods that only exist electronically. They can be used to buy goods and services, or to send money between individuals. Cryptocurrencies are a type of digital currency that uses encryption to secure transactions. Central bank digital currencies are created by central banks, like the Bank of England.

 What are digital currencies?


Digital currencies, also known as cryptocurrencies, are a type of digital money. They allow payments to be made directly from one person to another without the need for a central authority, such as a bank or government. Bitcoin, the original cryptocurrency, was privately developed as a means of payment that is not subject to the control of any central authority. 

Cryptocurrencies are secured by cryptography, which is also used to manage and verify transactions in a network. There are three main types of digital currency: cryptocurrency, stablecoins and central bank digital currency (CBDCs). Blockchain is a technology that underpins many cryptocurrencies.


Digital currencies, like Ethereum, are changing how we think about money. These new forms of currency allow for direct peer-to-peer payments without a middleman. This opens up a whole new world of opportunity for individuals and businesses alike. With no central authority controlling the currency, there is the potential for reduced fees and increased efficiency.


Litecoin is a digital currency that shares features with Bitcoin but runs a different mining algorithm. It also has a higher coin limit than Bitcoin, meaning that more litecoins can be created. Litecoin is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license.

 Unlike traditional currencies, which are regulated by central banks, Litecoin is not subject to any central authority. This means that it can be used to transfer funds directly between individuals without the need for a third party such as a bank or financial institution. 

Litecoin is an open-source cryptocurrency which was created in 2011. Like Bitcoin, Litecoin is primarily intended to be a digital currency which can be used to purchase goods and services online. However, Litecoin has some advantages over Bitcoin including faster transaction times and lower fees.

Bitcoin Cash

Digital currencies, like Bitcoin Cash, are created in a hard-fork process. This process allows for peer-to-peer payments between individuals - just like cash, but in the digital realm. 

Fees for sending Bitcoin Cash are typically a fraction of those associated with traditional methods like credit cards. Bitcoin Cash brings sound money to the world by empowering merchants and users with low fees and reliable confirmations.


Digital currencies are electronic or virtual tokens that can be used as a form of payment or exchange. Cryptocurrencies, like Bitcoin and Ethereum, are the best-known digital currencies. However, there are many different types of digital currencies, including altcoins, stablecoins, and Central Bank Digital Currencies (CBDCs).

Ripple is a blockchain-based digital payment network and protocol with its own cryptocurrency called XRP. Ripple also funds the Interledger Protocol, a software platform that aims to facilitate transactions between cryptocurrencies and bank ledgers. XRP is the native digital currency on the Ripple network and it consistently lists among the top 10 cryptocurrencies by market capitalization.

You can buy XRP as an investment, as a crypto to exchange for other cryptocurrencies or as a way to finance transactions on the Ripple network. Developers David Schwartz, Jed McCaleb, and Arthur Britto created Ripple in 2012.