What Is an Off-Ledger Currency?
An off-ledger currency is a type of digital asset that does not exist on any public ledger or blockchain. Instead, it exists as an independent entity and can be exchanged between two parties without the need for a third party intermediary. Off-ledger currencies are typically used to facilitate peer-to-peer transactions in which both parties trust each other enough to exchange value without relying on a centralized authority such as a bank or government. This makes them attractive to those who want more control over their finances and privacy when making payments online.
Off-ledger currencies have become increasingly popular due to their ability to provide users with greater financial freedom and autonomy than traditional payment methods offer. They also allow for faster transaction times since they do not require confirmation from miners like most cryptocurrencies do, meaning that funds can be transferred almost instantly between two parties. Additionally, these types of assets often come with lower fees than traditional payment networks, making them even more appealing for those looking for cost savings when sending money digitally.