n. The use of cryptography and privacy techniques to enable financial transactions that are secret and anonymous.
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Harvey has taught cryptofinance as part of an international finance course and has proposed teaching a new course next school year that would be "100 percent devoted to cryptofinance," including bitcoins.
—David Ranii, “Chapel Hill teen seeks fun and profit mining for bitcoins,” The News & Observer (Raleigh, North Carolina), July 12, 2014
There seems to be a truly peer-to-peer cryptofinance infrastructure on the rise. seems to be the most promising up and coming community that is directly addressing the anonymity and privacy concern by eliminating the need for a centralized server or exchange of any sort.
—MisterSoul, “Cryptofinance and Privacy,” Cryptofinance, January 14, 2014
2010 (earliest)
The economics of crypto-anarchy are really fascinating, but haven’t yet become practical or popular. Real-world banks have moved their services online and there are other popular online banking services such as PayPal, but neither of these options offer the true anonymity of real cryptofinance, where transactions can be made between secret parties through the use of cryptography and anonymous remailers.
—Seth Leedy , “Tim May, The Crypto-Anarchist Manifesto and Modern Cryptofinance,” Kip — Knowledge Is Power, March 20, 2010
A secret nod to Word Spy reader Lois Huffman for suggesting this word.
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