electronic cash

If the Fed were to make its own digital currency, it would essentially be electronic cash backed by the central bank and would not replace other forms of money outright.

Mr. DeSantis has focused much of his attention on a central bank digital currency, or C.B.D.C., which would operate like electronic cash but with backing from the federal government.

So why has crypto failed to fulfill pseudonymous inventor Nakamoto's dream, spelt out in a famed 2008 white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System"?

After all, the 2008 white paper that started the cryptocurrency movement, published under the pseudonym Satoshi Nakamoto, was titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”

Treasury and not directly to “agents” requiring funds in iTunes or Amazon gift cards, prepaid debit cards, electronic cash or wire transfer.