digital cash

Main Entry:  digital cash
Part of Speech:  n
Definition:  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
Example:  Digital cash is credit recorded in an electronic account which can be debited when a purchase is made over the Internet.
Usage:  computing's 21st Century Lexicon
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