Merriam-Webster has officially declared ‘cryptocurrency’ a word

Phew! Cryptocurrency is no longer a hypothetical term used only by the few, but an official word as determined by the Merriam-Webster dictionary.

A blog post reads: “The sometimes perplexing domain of digital financial exchanges opens a window into a subject that requires explanation for many of us, hence the detailed definition of cryptocurrency as well as an entry for initial coin offering, which refers to the first sale of Bitcoin-like digital currency.

“Keeping records of financial transactions in a digital database as part of a publicly accessible network uses blockchain technology. And a rare but non-imaginary unicorn is a start-up that is valued at one billion dollars or more.”

It has been added alongside other terms including ‘chiweenie’ (a cross between a Chihuahua and dachshund) and ‘dumpster fire’. Also ‘harissa’, the North African chili paste.