Off-Ledger Currency

Off-Ledger Currency refers to a form of digital or virtual currency that exists and operates outside of traditional financial ledgers or centralized systems. It may be used for peer-to-peer transactions or within specific ecosystems. Off-ledger currencies often rely on distributed ledger technologies, such as blockchain, to facilitate secure and transparent transactions without the need for intermediaries or central authorities. These currencies enable participants to transact directly with one another, potentially offering benefits like increased privacy, reduced transaction costs, and greater financial inclusion.