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Some friends and media reports still confusing Cryptocurrencies with more popular electronic money (e-money) schemes used in many low-income countries like Mpesa in Kenya to reach the unbanked. Strong difference separate those digital money and should not be conflated.

Cryptocurrency differs from fiat currency (e-money):

1. It is decentralized.

Cryptocurrency is based on a decentralized, peer-to-peer network there is no middlemen or a central clearing house.

No single institution controls by cryptocurrency network like a central bank does with fiat currency. …

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