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What Is a Digital Currency?

By Nicholas RossolilloUpdated Feb 22, 2025 at 11:09 AM

Key Points

  • Digital currencies, including cryptocurrencies, reduce transaction times and costs by eliminating intermediaries.
  • Investing in cryptocurrencies offers high returns but includes risks like hacking and regulatory challenges.
  • Technological advances may lead to more central banks issuing their own digital currencies, impacting investment landscapes.

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