cybercash

cybercash definition - finance
A commercial payment system whereby a user digitally purchases cash credits and then spends them when making electronic purchases over the Internet. Most merchants accepting digital cash use it as an alternative to other forms of payment, such as credit cards. Cybercash had its heyday during the Internet boom of the late 1990s.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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