cryptocurrency
noun
cryp·to·cur·ren·cy
ˌkrip-tō-ˈkər-ən(t)-sē 
-ˈkə-rən(t)-sē
plural cryptocurrencies
: any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions
Virtual currency bitcoin hit the mainstream in 2014. Bitcoin ATMs started springing up all over the world … , allowing people to exchange cash for the cryptocurrency, a secure digital payment outside of conventional financial institutions.—
Brenda Poppy
Brenda PoppyExamples of cryptocurrency in a Sentence
Recent Examples on the Web
Skeptics, including financial analysts and environmental advocates, point to the cryptocurrency’s extreme price volatility as a major risk.
—Tonya Evans, Forbes, 21 Nov. 2024
The recent rally, which has seen Bitcoin add 37% to its value in just one month, could be longer lived as the cryptocurrency becomes less volatile.
—Rocio Fabbro, Quartz, 20 Nov. 2024
The size and scope of DOGE − an acronym that also refers to a form of cryptocurrency − remains unclear.
—Haley Bemiller, The Enquirer, 13 Nov. 2024
While a small handful of cities allow cryptocurrency for city service payments, Detroit would be the largest city in the country so far to take the crypto plunge.
—Jc Reindl, Detroit Free Press, 7 Nov. 2024
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Tonya Evans, Forbes, 21 Nov. 2024
The recent rally, which has seen Bitcoin add 37% to its value in just one month, could be longer lived as the cryptocurrency becomes less volatile.
—Rocio Fabbro, Quartz, 20 Nov. 2024
The size and scope of DOGE − an acronym that also refers to a form of cryptocurrency − remains unclear.
—Haley Bemiller, The Enquirer, 13 Nov. 2024
While a small handful of cities allow cryptocurrency for city service payments, Detroit would be the largest city in the country so far to take the crypto plunge.
—Jc Reindl, Detroit Free Press, 7 Nov. 2024
See all Example Sentences for cryptocurrency
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Cite this Entry
“Cryptocurrency.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cryptocurrency. Accessed 29 Nov. 2024.
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