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Digital Currency Versus Bitcoin and the Future of Money
When Bitcoin debuted in 2009, I published an article making a few predictions using my Hard Trend Methodology that have proven to be highly accurate. While I stated that cryptocurrency and blockchain technology represented a Hard Trend that would grow exponentially, it is time to discuss the next Hard Trend: digital currency
You likely have heard of cryptocurrency, but how is digital currency different? Believe it or not, there is a vital difference. Understanding what digital currency is, how it can be used and potentially misused, and how it is drastically different from the likes of Bitcoin and cryptocurrency is paramount in shaping the future of global and local financial systems.
Banking Apps, Cryptocurrency, and Digital Currency
Many individuals view the use of their digital banking app or credit card as a “cashless, digital way to pay.” That is not digital currency. The digital nature of your savings or checking account is tied to physical cash and a ledger system owned by your specific financial institution.
