$USDC Sure! Here is a rewritten version of that paragraph with improved flow and clarity:

Cryptocurrency: a decentralized digital payment system

Cryptocurrency is a form of digital currency that operates without the need for traditional banks to verify transactions. It uses a peer-to-peer network, allowing users to send and receive payments directly, anywhere in the world. Unlike physical money, cryptocurrencies exist only in digital form, recorded as entries on an online ledger that keeps track of transactions. Each transfer is securely recorded on a public blockchain, ensuring transparency and traceability. Users store their cryptocurrency in digital wallets, which are used to manage and access their funds.