digital currency
noun1
Any currency, money, or money-like asset that is primarily managed, stored or exchanged on computer systems, especially over the internet, and does not have a classical physical form of fiat currency that can be held in the hand. It may be either a cryptocurrency (involving blockchain and coin mining) or not.
- Near-synonyms: cybermoney, cybercash, e-cash, digital money, e-money, electronic money
- State-backed digital currencies, issued by central banks, are under development in various countries.
2 more examples
- The goal is let a person create a digital alter-ego that can travel to many virtual worlds, keeping the same name, look and even digital currency.2007 October 10, Steve Lohr, “Free the Avatars”, in New York Times Bits Blog:
- The Winklevosses say this week’s tumult is just growing pains for a digital currency that they believe will become a sort of gold for the technorati.2013 April 11, Nathaniel Popper, Peter Lattman, “Never Mind Facebook; Winklevoss Twins Rule in Digital Money”, in New York Times:
- Related terms
- stablecoin