You’ve obviously heard of Bitcoin. But there are some other great digital currencies, including (but not limited to) cryptocurrencies, all of which have valid purposes and fill great needs.

Digital currencies do what fiat currencies can’t – they put the power of controlling your money back in your hands. They let you spend what you want, when you want, on whoever you want. There’s nobody telling you what you can or can’t do with your finances.

Virtual currencies are decentralized, so there aren’t any banks or governments controlling when you can access them. The digital currency world operates 24/7, globally.

Cryptocurrencies are borderless, so you can send money to a family member overseas without dealing with exchange rates – USD to Euro or Yen, for example. And unlike bank wires, it happens almost instantly.

You can also buy something from somebody on the other side of the world who doesn’t have a bank or payment processor. Like a Peruvian rancher selling alpaca socks, or a Rwandan woman selling hand-woven baskets and jewelry, or an Indian seamstress selling silk shawls.

In fact, the unbanked and the underbanked now have access to financial services, without the need for a bank. They might not qualify or have the funds for mainstream options, but that doesn’t prevent them from buying, owning, spending or selling digital currency.

What about financial freedom? Digital currency will help grow economic freedom by removing the barrier to entry, making it easier for people to launch a business, receive payments, connect with customers, store funds securely, prevent theft and more.

Digital currency serves a vital need in modern life, and might just save the world by enabling global sovereignty and freedom. The future of money is going to be in the hands of the people, not the hands of governing forces.