word

programmable money

PROH-gram-uh-bul MUN-ee

ˈproʊɡræməbəl ˈmʌni

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Syllable breakdown

programmablemoney

Dictionary meaning

currency embedded with self-executing conditions via smart contracts so that it can be spent only in specified ways, at specified times, or by specified parties; enables automatic tax withholding, conditional welfare disbursements, and supply-chain payment automation without intermediaries

Examples

The government tested programmable money that could only be spent on food and medicine.
Programmable money could eliminate aid diversion by ensuring funds reach their intended purpose automatically.

Synonyms: smart money, conditional currency, smart-contract money

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