electronic money; digital currency; e-money
Meanings
2 senses · 6 examplesnoun
bank-issued electronic magnetic card with consumer credit functions; debit/credit card
Traditional definition referring to plastic cards issued by banks for electronic transactions, transfers, and cash withdrawals. This was the primary meaning before the rise of cryptocurrency.
This electronic card can be used anywhere that accepts card payments.
He used his bank card to make an online transfer.
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This card can be used to deposit and withdraw cash worldwide.
noun
digital currency; electronic money; cryptocurrency
technicalModern usage encompassing central bank digital currencies (CBDC), cryptocurrencies like Bitcoin and Ethereum, and other forms of digital payment systems that exist purely in electronic form without physical cards.
Bitcoin is a decentralized digital currency.
Many countries are researching the issuance of central bank digital currencies.
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The use of electronic money is gradually replacing traditional cash transactions.