0
It would be nice to future feature the option to easily visualize and differentiate a conventional currency from a virtual currency. Not having the option to easily visualize and differentiate a digital currency from a conventional or digital currency, vendor, customers and end users may not easily visualized the type of funds being transferred and physical presence of liquidity.

Virtual currency is a type of unregulated digital currency that is only available in electronic form. It is stored and transacted only through designated software, mobile or computer applications, or through dedicated digital wallets, and the transactions occur over the internet through secure, dedicated networks. Virtual currency is considered to be a subset of the digital currency group, which also includes cryptocurrencies, which exist within the blockchain network.

Note: Digital currencies involves a bank or a clearing house (person to bank to person), HOWEVER virtual currencies does not involve a bank or a clearing house. (person to person).

References:
1. https://www.bestvpnrating.com/vpn-bitcoin
2. https://bitcoin.org/en/
3. weusecoins.com
4. https://sigtax.com/en/accounting-virtual-currencies
5. https://www.investopedia.com/terms/d/digital-currency.asp
6. https://en.wikipedia.org/wiki/Virtual_currency
Category: General Ledger
STATUS DETAILS
Inactive