e-cash, n.
Brit. /ˈiːkaʃ/, U.S. /ˈiˌkæʃ/
Forms: 19– E-cash, 19– e-cash, 19– ecash
[‹ e- prefix1 + cash n.1]
Money represented, held, and exchanged in electronic form, esp. used for commercial transactions via the Internet. Cf. digital cash n. at digital n. and adj. Additions
| 1994 Sunday Times 26 June (Business section) 9/4 Money is obtained by connecting to the server and downloading the required amount in E-Cash units. 1996 Economist 21 Dec. 72/3 The real advantage of e-cash schemes is that they allow..sales of a few cents or fractions of a cent—far too little to process efficiently with credit cards. 2000 InfoWorld (Electronic ed.) 16 Oct. Analysts predict that e-cash will continue to evolve and mature in the next five years, and that by 2009, electronic payments will grow to 60 percent of all online transactions compared to the current 14 percent. |