Africoin is a decentralized digital currency just like the popular Bitcoin BTC.
Africoin as a digital money is an Internet-based medium of exchange distinct from physical notes or coins that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership.
Both virtual currencies and cryptocurrencies are types of digital currencies. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an online social network.
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