What Are Digital Currencies? A Beginner’s Guide

Digital currencies are forms of money that exist only in electronic form, without any physical counterpart like coins or bills. Cryptocurrencies like Bitcoin and Ethereum are popular examples, but central banks are also introducing Central Bank Digital Currencies (CBDCs). At Finances 4You, we break down the key concepts, advantages, and risks of digital currencies so beginners can enter this fast-growing space with confidence.