Definition ∞ Digital cash refers to electronic money that can be used for payments and transactions. This concept encompasses various forms, including cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs), all designed to replicate the properties of physical cash in a digital format. Key attributes often include instant settlement, low transaction costs, and sometimes pseudonymity or privacy features. The aim is to provide an efficient and secure medium of exchange in the digital realm.
Context ∞ The definition and implementation of digital cash are central to current global financial discussions, with central banks and governments exploring CBDCs to modernize payment systems. Debates surround the privacy implications, programmability, and potential impact on commercial banking systems. News often highlights the regulatory frameworks being developed to govern these new forms of digital money.
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