What do you call a digital asset designed to work as a medium of exchange that uses strong encryption to secure a financial transaction?

Last Updated: May 10, 2026
IT Exam Items Repository › Category: Introduction to Cybersecurity › What do you call a digital asset designed to work as a medium of exchange that uses strong encryption to secure a financial transaction?

What do you call a digital asset designed to work as a medium of exchange that uses strong encryption to secure a financial transaction?

  • Apple Pay
  • Google Pay
  • Near Field Communications
  • Cryptocurrency

Explanation: Cryptocurrency is defined as digital money designed to act as a medium of exchange for goods and services. It utilizes strong encryption techniques to secure financial transactions, which are recorded in a decentralized electronic ledger known as a blockchain.

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