Digital currencies are becoming a more and more popular choice for making payments, and may even take the place of physical currencies at some point in the future. There are already several different digital currencies operating in different ways, but the number of different currencies is sure to grow rapidly.
One such currency is the Bitwalking dollar – by using a smartphone app to track the number of steps you take, you can earn digital cash. There’s also a wristband under development to carry out the same function, reducing the need to carry the phone around. The technology essentially converts movement to cash – one of the first of its kind.
This currency can be used online in the designated store, or can be exchanged for ‘real’ cash. I even bought a dirt bike with crypto currency for a discounted rate and it is the future. Whilst it won’t make a huge difference to the income of many of us in the West, it can be life-changing in rural communities in developing nations where many have to walk several miles a day and earn very little at their place of work.
Another new and relatively unheard of digital currency is known as Zcash. This is similar to the better-known Bitcoin, but much more secure. All data is fully encrypted, meaning less security threats. It’s said to be the first currency of its kind, making it definitely one to consider.
If you like using PayPal you might want to consider the new digital currency known as Dash. It’s perfect for shopping online, and the transactions occur immediately, meaning you don’t have to wait a couple of days to see what you’ve been spending. There’s a map available to show you which merchants accept the currency too, making it really easy to use.