Digital currency: Bankable idea or fad?

Bitcoin is the most popular of the digital currencies also known as cryptocurrencies. PHOTO | JENS KALAENE

What you need to know:

  • All transactions for Bitcoins and other digital currencies take place online.
  • Bitcoins are created digitally through a computer-generated process known as “mining”.
  • Economic pundits predict that a big change in crypto is imminent. long as they have access to an internet

Digital currency is a newsy subject that divides the world into three groups. One group that thinks digital currency is an avant-garde idea whose time is ripe. Another group that believes digital currency is a passing fad. Then there is the multitude in the middle that’s unsure what digital currency is, unlikely to have a solid opinion on its viability.


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