Definition

1. Verb:
   • To convert into or establish as legal tender: The primary meaning refers to the official act of giving something the status of legally recognized currency within a country's economy.
   • To earn revenue from: A common modern usage meaning to generate income, especially from an asset, activity, or user base that was previously not directly profitable.

Usage and Examples

• As a verb (to establish as currency):
  • The government decided to monetise gold for a brief period.
  • Historically, some countries have monetised silver.
• As a verb (to earn revenue from):
  • The blogger monetised her website through advertisements and affiliate links.
  • The company's strategy is to monetise its large audience by offering premium subscriptions.

Advanced Usage

• "to monetise an asset": This means to convert a possession or right into a source of income.
  • The museum monetised its archive by licensing high-quality images.
• "to monetise debt": A specific economic term referring to a central bank financing government spending by creating new money, often by purchasing government bonds.
  • Critics warned that monetising the deficit could lead to inflation.

Variants and Related Words

• Monetisation (noun): The process or result of monetising something.
  • The monetisation of the platform exceeded expectations.
• Monetizable (adjective): Describing something capable of being monetised.
  • They identified several monetizable features within the app.
• Note on Spelling: The word can also be spelled monetize (US English). 'Monetise' is common in UK English.

Synonyms

• Commercialise: To manage or exploit in a way designed to make a profit.
• Liquidate: To convert assets into cash.
• Capitalise on: To use a situation or resource to gain an advantage.

Related Phrases

• "to monetise traffic": (Digital context) To generate income from visitors to a website or app.
  • High traffic alone is not enough; you need an effective way to monetise it.
• "to monetise content": To earn money from articles, videos, or other media.
  • His YouTube channel is difficult to monetise due to the platform's policies.

Verb

1. give legal value to or establish as the legal tender of a country
   • They monetized the lira