Digital currency is the blanket term used to describe all electronic money, that includes both virtual currency and cryptocurrency. It can be regulated or unregulated.It’s only available in digital or electronic form and unlike a dollar bill or a coin, it’s intangible. Digital currencies, which can only be owned and spent using electronic wallets or designated connected networks, are also commonly called digital money, or cyber cash.The lack of intermediaries means transactions are typically instantaneous and incur no or little fees.If what critics say is true, JPMorgan’s coin, for example, would classify as a digital currency because it doesn’t operate on a blockchain, it’s used online, and its intended use is to transfer funds between the financial giant and its clients.