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virtual currency
[ vur-choo-uhl kur-uhn-see, kuhr- ]
noun
- an unregulated currency available only in electronic form that is issued and controlled by its developers and usually used within a specific online community: Compare cryptocurrency ( def 1 ), digital currency ( def ).
The game is free to play, but you must make purchases in the app if you want virtual currency to spend.
As a virtual currency, bitcoin has less stability than a currency issued by a central bank.
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Usage Note
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Word History and Origins
Origin of virtual currency1
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Example Sentences
On Sunday, Karpeles resigned from the board of the Bitcoin Foundation, which oversees and develops the virtual currency.
Bitcoin is a virtual currency that is produced by a computer program and is supposed to be extremely secure.
Until recently, the Costa Rican–based firm was, as Cohen put it, “the virtual currency of choice for the bad guys.”
And then there is RocketHub, the self-anointed clearinghouse for “creative underdogs” that utilizes a virtual currency.
Female players also spent twice as much as male players on virtual currency.
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