digital currency

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English

Noun

digital currency (countable and uncountable, plural digital currencies)

  1. 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.
    Synonyms: digital money, electronic money, electronic currency, e-currency
    Synonym: (loosely) virtual currency
    Hyponyms: cryptocurrency, virtual currency
    State-backed digital currencies, issued by central banks, are under development in various countries.
    • 2007 October 10, Steve Lohr, “Free the Avatars”, in New York Times Bits Blog‎:
      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.
    • 2013 April 11, Nathaniel Popper, Peter Lattman, “Never Mind Facebook; Winklevoss Twins Rule in Digital Money”, in New York Times‎:
      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.

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