The world has witnessed a radical transformation in the concept of money and financial transactions over the past decade, thanks to the emergence of digital currencies. These currencies, which rely on digital technology and encryption, have become a major topic in economic and technical discussions, and they have a significant impact on banks, financial systems, and even governments.
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What are digital currencies?
Digital currencies are digital assets used as a means of exchange over the internet. The most notable types include:
Cryptocurrencies: such as Bitcoin and Ethereum, which rely on blockchain technology to ensure security and transparency.
Central Bank Digital Currencies (CBDCs): these are digital versions of traditional national currencies issued by central banks.
Stablecoins: such as USDT or USDC, which are pegged to stable assets like the dollar to reduce volatility.