Concept information
Preferred term
digital cash
Definition
- Digital cash, also known as digital money or e-cash, is the electronic currency used to make purchases for merchandise and services, mostly through online transactions. Users pre-purchase cash credits from a digital cash provider, then transfer these credits to vendors in lieu of using a credit card, bank account number, or check. [Source: Encyclopedia of New Media; Digital Cash]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/digital_cash
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