Meaning of digital gold | Babel Free

Definitions

1. A form of digital currency based on mass units of gold.
   uncountable
2. A cryptocurrency seen as a safe store of value.
   uncountable

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.””

“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.”

“If bitcoin was digital gold, Ethereum was digital silver.”

CEFR level