bitcoin price chart

Different types of digital currencies

Most of the Businessmen may feel difficulty in carrying plenty of money to the bank to transfer it. It is high risk and hence the internet banking will be helpful for those people. People widely use mobiles to do all their works. In mobiles, we have to install the internet banking app and enter the required details asked in that application. And then we can make all the transactions using this application. There are two types of currencies such as the Standard Fiat Currency and Digital currency. The fiat currency is manufactured by the government and it is available in banknotes and coins. This type of currency has the option to transfer online and physically. The digital currency is decentralized and is available only in a digital form and not in physical form. There are various digital currencies available such as Ripple, Ethereum, Litecoin, Bitcoin, etc. Bitcoin is one of the most widely used digital currencies. You can check bitcoin value by using a bitcoin price chart.

  1. Ripple

It is a decentralized currency. Ripple is an exchange of real-time currency. It may provide instant, exact, and less-charge foreign payments. It is also called as the Ripple Transaction Protocol or Ripple protocol.

  1. Ethereum

This is one of the digital currencies. It is a decentralized computing platform. It may provide Ethereum Virtual Machine. This platform may allow various uses concerning smart contracts. This is safe to use in business. It will be helpful while doing business with unknown people. 

  1. Litecoin

This type of digital currency is almost similar to Bitcoins. It is a cryptocurrency and is released under the MIT/X11 authorization. The formation and transfer of Litecoin depend on an open-source protocol.

  1. Bitcoin 

Bitcoin is one of the famous among the digital currencies. This type of digital currency is widely used by people. This currency can be used to buy products locally and digitally. Use the bitcoin price chart to know all the bitcoin prices.