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What does demonetize mean?

Looking for the meaning or definition of the word demonetize? Here's what it means.

Verb
  1. To withdraw the status of legal tender from a coin (etc.) and remove it from circulation.
  2. To declare ineligible or worthless as a medium of exchange or as legal tender.
  3. (Internet content) To stop paying for (the content).
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Examples
YouTube has tried to crack down on these videos and demonetize them, but inappropriate content continues to slip through – most recently, with conspiracy videos suggested to children.
The only way of solving this problem is to demonetize the high-value currency and they should not be printed any more.
It is not up to the governments to monetize or demonetize a commodity.
In 1652 an attempt was made to demonetize the vellon, June 25th, which was abandoned November 14th.
The former condition implies that, at a sufficiently high nominal interest rate, the economy will demonetize.
Ultimately, AIs will dematerialize, demonetize and democratize all of these services, dramatically improving the quality of life for 8 billion people, pushing us closer towards a world of abundance.

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