What is Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it is not controlled by any single entity or government. It allows for the secure exchange of value over the internet, making it possible to transfer money and make payments without the need for a traditional financial intermediary such as a bank. Cryptocurrencies are based on a distributed ledger technology called blockchain, which is a secure and transparent way to record transactions. The most well-known cryptocurrency is Bitcoin, but there are many others, such as Ethereum, Litecoin, and XRP. In this video, we'll explore the basics of cryptocurrency and how it works. We'll also discuss the potential benefits and drawbacks of using cryptocurrency and how it fits into the larger financial landscape.