Digital gold
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 A form of digital currency based on mass units of gold. uncountable
"With a digital gold account, the gold is held at the bank, and the transfers of gold are completed simply by making entries in the bank's computerized record system, hence the term “digital gold.”"
- 2 A cryptocurrency seen as a safe store of value. uncountable
"Moores says part of the currency’s power is in its use as a speculative instrument for trading – a digital gold – but also as a way for companies to make payments more cheaply and perform other functions."
Synonyms
All synonymsExample
More examples"With a digital gold account, the gold is held at the bank, and the transfers of gold are completed simply by making entries in the bank's computerized record system, hence the term “digital gold.”"