Sep 09, 2019 · What is digital currency. In contrast to cryptocurrency with its encryption features and blockchain technology, digital currencies are a generic term encompassing all money in the electronic form. In a legal sense, digital money acts exactly as fiat and is regulated by law. You can use it to pay for services, buy goods or simply send to other What is the Difference Between Cryptocurrency and Digital ... In this post, we are going to provide an answer to the basic question; what is the difference between cryptocurrency and digital currency? What is digital currency? Just like a standard fiat currency, a digital currency has no physical equivalence stored in the form of cash or gold.