In the white paper, it is described as a «free open source peer - to - peer electronic cash system that is completely decentralized». (learnbitcoin.cash)
It was simply released as a peer - to - peer electronic cash system. (profitconfidential.com)
This money is a purely peer - to - peer version of electronic cash which allows online payments to be sent directly from one party to another without going through a financial institution. (smartbitcoininvestments.com)