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
Digital gold currency e-Bullion, resulting in the complete closure of the company. In June 2011 a California jury found Fayed guilty of murder and sentenced him to death. Pecunix was a gold based digital currency (or e-currency) in which accounts had balances in GAU (gold grams). Pecunix was founded by Simon "Sidd" Davis in 2002, and was registered and incorporated in Panama. All gold bullion was originally stored with Mat Securitas Express AG in Zürich, Switzerland, but in 2008 the Pecunix directors transferred the bullion to an undisclosed location. In a 2012 interview with DGCMagazine, Mr. Davis described the development of the Voucher-Safe