Technology Fountain: Digital currency.

Pooja Bali

Abstract


There are various innovative money payment systems in the market today, many of which are

built on platforms like the mobile phone, the Internet, and the digital storage card. These

alternative payment systems have seen encouraging or even continued growth, from the likes of

PayPal, Apple Pay, Google Wallet, Alipay, Ten pal, Venmo, M-Pesa, BitPay, Moven, BitPesa,

Pay Lah!, Dash, FAST, Transfer wise, and others. Beyond payment systems that are based on fiat

currency, the growing use of digital currency allows for faster, more flexible, and more

innovative payments and ways in financing goods and services. One digital currency, however,

stands out among the rest. Bit coin is one of the most well-known digital currencies today. To be

specific, Bit coin is a crypto currency, which is a subset of what is generally known as a digital

currency. Bit coin is a unique crypto currency that is widely considered to be the first of its kind.

Like many created after it, Bit coin uses the power of the Internet to process its transactions.


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