# cryptocurrency

/ˈkrɪptoʊˌkɜrənsi/ (US) · CEFR B2 · Noun

Source: https://englishreference.com/word/cryptocurrency
Updated: 2026-07-19

## Definition

a digital form of money that uses computer code to keep transactions secure. It does not exist as physical coins or paper bills.

For teachers: a digital or virtual medium of exchange that uses cryptography for secure financial transactions and to control the creation of additional units.

## Examples

- 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.

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