Bitcoin marketers Neo & Bee will open their first
real -
life branch in Nicosia later this month, a place where the use of the virtual currency is already creeping
into everyday
life.
Centralized virtual currencies are digital currencies that have a «centralized repository»; this is likely intended as a catch - all term for any virtual currencies which are not simply tokens for «
real» currency or precious metals but rather a currency in their own right, Second
Life's Linden dollars is perhaps the existing canonical example, although a hypothetical
Bitcoin - like unbacked currency backed by a central repository would also fall
into the scope.