Cryptocurrency: meaning, definitions and examples

This term is used in formal discussions, articles, or professional settings when talking about digital money that uses cryptography for security.

• Cryptocurrency has revolutionized the financial industry.
• Investors are increasingly looking at cryptocurrencies as an alternative asset class.

This term is broadly used to refer to any currency that exists only in digital form, which includes but is not limited to cryptocurrencies. It's often used in contrast with physical money.

• Many central banks are exploring the idea of issuing their own digital currencies.
• Digital currency can facilitate cross-border transactions more efficiently.

This term is often used to describe digital currencies used within a specific virtual economy or platform, such as in online games or virtual worlds.

• Players can earn virtual currency by completing quests in the game.
• The company's new app allows users to purchase virtual currency for additional features.

This is a more casual way to refer to cryptocurrency, often used in informal conversations or among people who are familiar with the topic.

• I'm thinking about buying some crypto before the prices go up.
• Do you follow any crypto influencers on Twitter?