Hello, you have come here looking for the meaning of the word
virtual currency. In DICTIOUS you will not only get to know all the dictionary meanings for the word
virtual currency, but we will also tell you about its etymology, its characteristics and you will know how to say
virtual currency in singular and plural. Everything you need to know about the word
virtual currency you have here. The definition of the word
virtual currency will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
virtual currency, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
virtual currency (countable and uncountable, plural virtual currencies)
- (originally) A type of unregulated digital currency that is restricted to a specific community or purpose, such as in-game purchases.
2009, Lynne Grewe, OpenSocial Network Programming, John Wiley & Sons, →ISBN, page 320:Virtual currency is the offering of virtual monies that can be spent to buy services (or virtual goods) inside of an application. This is a new trend that has been used primarily in game-like social network applications.
2013 July 31, Kate Murphy, “Virtual Currency Gains Ground in Actual World”, in The New York Times, →ISSN:Unlike fiat currencies like the United States dollar and virtual currencies like Facebook credits and the one invented by Liberty Reserve, bitcoins are not created or controlled by a central authority.
2018, Andreas M. Antonopoulos, Gavin Wood, Mastering Ethereum: Building Smart Contracts and DApps, O'Reilly Media, →ISBN:Gas is not ether–it's a separate virtual currency with its own exchange rate against ether.
- (loosely) Synonym of digital currency
2013 April 8, Noam Cohen, “Bubble or No, This Virtual Currency Is a Lot of Coin in Any Realm”, in The New York Times, →ISSN:When he was a Yale Law School student, Reuben Grinberg wrote one of the first academic papers about Bitcoin, a novel virtual currency that uses sophisticated cryptography to validate and secure transactions that exist only online.
2013 April 11, Nathaniel Popper, Peter Lattman, quoting Cameron Winklevoss, “Never Mind Facebook; Winklevoss Twins Rule in Digital Money”, in New York Times:People say it’s a Ponzi scheme, it’s a bubble,” said Cameron Winklevoss. “People really don’t want to take it seriously. At some point that narrative will shift to ‘virtual currencies are here to stay.’ We’re in the early days.”
2021 December 6, Andrew E. Kramer, “Companies Linked to Russian Ransomware Hide in Plain Sight”, in The New York Times, →ISSN:Those payments are typically made in cryptocurrencies, virtual currencies like Bitcoin, which the gangs then need to convert to standard currencies, like dollars, euros and rubles.
Synonyms
Hyponyms
Translations
Further reading