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. …