virtual currency — A digital form of currency that exists only electronically and is not backed by a physical commodity or government
Part of speech: NOUN
Definition: A digital form of currency that exists only electronically and is not backed by a physical commodity or government
Pronunciation (IPA): /ˈvɜːrtʃuəl ˈkɜːrənsi/
Example Sentences
- My grandmother thinks virtual currency is just 'monopoly money for adults'.
- The government is developing new policies to regulate virtual currency transactions.
- He lost his virtual currency password and now his digital fortune is trapped forever in cyberspace.
virtual currency
NOUN[/ˈvɜːrtʃuəl ˈkɜːrənsi/]
A digital form of currency that exists only electronically and is not backed by a physical commodity or government
A digital form of currency that exists only electronically and is not backed by a physical commodity or government
Virtual currency's commercial rise sparks controversial debate!
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🎤Pronunciation
🌳Etymology
Origin
Virtual derives from Latin virtus, meaning 'power' or 'efficacy,' evolved to mean 'having practical effect or essence.' Currency comes from Latin currere, 'to flow,' referring to money in circulation or use as a medium of exchange.
Breakdown
virtual (from Latin virtus: power, efficacy) + currency (from Latin currere: to flow, denoting circulating money). The compound describes money that functions effectively despite lacking physical form.
🎵Rhyme
🔗Collocations
📝Examples
“My grandmother thinks virtual currency is just 'monopoly money for adults'.”
“The government is developing new policies to regulate virtual currency transactions.”
“He lost his virtual currency password and now his digital fortune is trapped forever in cyberspace.”
“Many businesses are starting to accept virtual currency as a payment method.”
📚Related Words
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