Crypto vs Virtual vs Digital Currency

Digital Currency

Digital Currency is any currency in digital format, including popular payment platforms like PayPal, Venmo, Zelle, Apple Pay, Samsung Pay and Google Pay … and even your online bank account, since the numbers you see when you log in are just digital representations of real money. The bank doesn’t necessarily hold paper “fiat” (government-issued) currency in the same amounts as all the bank account balances in existence. But you can ultimately trade it in for paper money if you want to. Virtual currency is a type of digital currency (like Poodle is a type of dog). All Poodles are dogs, but not all dogs are Poodles.

Virtual Currency

Virtual currency is a category of digital currency that only exists in virtual form. Unlike digital currency in your bank account, virtual currency is unregulated, which means it often experiences dramatic price fluctuations. It’s currency because we say it’s currency, and it has value because we say it has value — not because it’s issued by a government or other overseeing party. The only true force it holds is consumer sentiment, and as you know, emotions can go up and down in extreme ways.

Cryptocurrency

Cryptocurrency is a specific type of virtual currency. It includes Bitcoin, the most famous crypto, as well as some others. But while “cryptocurrency” is often used as an all-encompassing term, technically cryptocurrencies are only mined digital currencies, almost always recorded and verified on the blockchain. This category includes the big players you’ve probably heard of — Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC) — as well as Ripple (XRP), Stellar (XLM) and Monero (XMR).

What is Coin Cloud?

Coin Cloud is a digital currency machine (DCM) company headquartered in Las Vegas, Nevada. With over 1,200 locations nationwide, Coin Cloud boasts the world’s largest and fastest-growing network of two-way digital currency machines, commonly known as Bitcoin ATMs or BTMs. Since 2014, Coin Cloud has helped hundreds of thousands of customers buy and sell cryptocurrency and other virtual currency quickly and easily. You can find your nearest Coin Cloud DCM here.

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Coin Cloud

Coin Cloud

The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.