virtual currency
Virtual currency refers to digital money used within specific online communities or platforms, without central bank regulation.
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Definition
C1Finance
(technical)A type of digital money that exists only electronically and is not regulated by any central authority.
Example
- Bitcoin is a well-known example of a virtual currency.
- Virtual currencies can be highly volatile in value.
B2Technology
(technical)Digital money used for transactions within specific online communities or platforms.
Example
- Many online games use virtual currency for in-game purchases.
- Virtual currencies are often exchanged electronically among users.
Similar
Terms that have similar or relatively close meanings to "virtual currency":