cryptocurrency
n.a digital form of money that uses computer code to keep transactions secure. It does not exist as physical coins or paper bills.
n.a digital or virtual medium of exchange that uses cryptography for secure financial transactions and to control the creation of additional units.
“Many people invest in cryptocurrency today.”
“The company now accepts cryptocurrency as a valid payment method for all online orders.”
“While proponents argue that cryptocurrency offers a decentralised alternative to traditional banking, critics point to its extreme price volatility and potential for illicit use.”
“Founded in 2013, Robinhood Markets offers a mobile app and web-based platform, allowing users to trade stocks, options and cryptocurrencies, as well as access banking and credit card services.”
“The company posted $1.7m in revenue, which it said was up 89% from the same period a year before, but suffered an overall loss due to the drop in cryptocurrencies.”
From Greek kryptós ("hidden"), via cryptography, plus currency: money secured by hidden mathematical keys rather than by a central authority.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.