What "cryptocurrency" means in finance

Cryptocurrency is a type of digital currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. Cryptocurrencies operate independently of a central bank and are based on decentralized blockchain technology. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Cryptocurrency can be bought, sold, and traded like traditional currencies, and can also be used to purchase goods and services from businesses that accept them as payment.