Digital currency bitcoin is a digital currency but also a type of virtual currency. Bitcoin and its alternatives are based on cryptographic algorithms, so these kinds of virtual currencies are also called cryptocurrencies. Most of the traditional money supply is bank money held on computers. This is also considered digital currency. One could argue that our increasingly cashless society means that all currencies are becoming digital, but they are not presented to us as such. Currency can be exchanged electronically using debit cards and credit cards using electronic funds transfer at point of sale. A number of electronic money systems use contactless
Ven (currency) Ven (currency) Ven (sign: VEN) is a representative digital currency traded in international financial markets. Its origin was as a community currency used by members Hub Culture to trade knowledge, goods and services. The value of Ven is determined by a basket of backing currencies, commodities and assets. It trades against major currencies at floating exchange rates. Ven is currently listed on the LMAX Exchange. It has also been traded on the Kraken cryptocurrency exchange. The issuing company Hub Culture was founded in 2002 by Stan Stalnaker. Hub Culture launched Ven on 4 July 2007, as its own community currency.