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digital cash

noun

a system that allows one to pay for goods and services by transmitting a number from one computer to another, the number meaning real cash to issuing banks and also being anonymous, an advantage over credit card use; also called cybercash , digicash , e-cash , e-money

Examples

Digital cash is credit recorded in an electronic account which can be debited when a purchase is made over the Internet.

Usage Note

computing

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