Digital Currencies

The very idea of individuals being able to exchange values electronically using a digital currency seems impossible, how could the physical component be removed from the exchange of currency? Yet this is already happening, in small ways, and has been for some years. For example, certain public facilities accept coin like tokens mass transit systems in particular, but also many toll collecting authorities. Some mass transit systems require the use of fare cards that store value in a magnet strip, instead of coins or tokens. Some toll road authorities place tags on your car that can be scanned at low speed so a complete stop at the booth is not required. Prepaid telephone cards represent another digitized currency. Digital currencies are differentiated from electronic View the rest of this article