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
Ora (currency) Efficient Group, a South African financial services company, is currently tasked with developing the digital currency in order to reduce costs that are incurred by printing notes. Ora (currency) The Ora (symbol:Φ, ) is the local currency of Orania, an Afrikaner enclave in South Africa. It is pegged at par with the South African rand. The name, recalling that of the town where it circulates, derives from Latin "aurum", meaning "gold". The currency is not sanctioned by the South African Reserve Bank. The first notes were issued in April 2004 to provide an internal currency for Orania as part of