A digital representation of value utilized as a means of trade within a particular virtual or digital ecosystem is known as virtual money. These currencies often only exist in digital form and are decentralized.
Virtual currencies that are not issued or governed by a central bank or government include cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Virtual currencies are increasingly popular for use in a variety of contexts, such as online transactions, remittances, and investments in the larger digital economy.