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Rachel Welch

23 October 2022 215 Read Crypto

What Is Cryptocurrency?

Cryptocurrency is making waves in the world today, with budding investors flocking to apps such as Coinbase and Robinhood. These apps have grown exponentially in the past year, and their revenue is projected to rise to $33 billion by 2020. Cryptocurrency is a virtual form of currency, which is created, stored, and transmitted using cryptography.

Cryptocurrency has a number of applications, from financial investments to entertainment. For example, a play-to-earn game may encourage its users to purchase tokens early, which they can sell for profit as the game's popularity grows. Other crypto games will let users earn money through in-game ads or the sale of virtual items.