virtual currency
Word Rarity
Uncommon
Frequency: Zipf frequency 4.04 in modern English
25
Scrabble Score
15
Letters
5
Syllables
11
Unique Chars
Meaning
noun
A type of unregulated digital currency that is restricted to a specific community or purpose, such as in-game purchases.
Countable; Uncountable
Example Sentences
- "Virtual currency is the offering of virtual monies that can be spent to buy services (or virtual goods) inside of an application. This is a new trend that has been used primarily in game-like social network applications."
- "Unlike fiat currencies like the United States dollar and virtual currencies like Facebook credits and the one invented by Liberty Reserve, bitcoins are not created or controlled by a central authority."
- "Gas is not ether–it's a separate virtual currency with its own exchange rate against ether."
- "When he was a Yale Law School student, Reuben Grinberg wrote one of the first academic papers about Bitcoin, a novel virtual currency that uses sophisticated cryptography to validate and secure transactions that exist only online."
- "People say it’s a Ponzi scheme, it’s a bubble,” said Cameron Winklevoss. “People really don’t want to take it seriously. At some point that narrative will shift to ‘virtual currencies are here to stay.’ We’re in the early days.”"
- "Those payments are typically made in cryptocurrencies, virtual currencies like Bitcoin, which the gangs then need to convert to standard currencies, like dollars, euros and rubles."