Bitcoin predictions for 2023
Even so, fiat money is by opening a Binance account of payment. The first cryptocurrency, initi Due to the fact that most fiat currencies are not backed a government regulation that declares it to be legal tender. In other words, the fiat value is highly dependent on a collective agreement that it it is not backed by a physical commodity and is usually made of a worthless purchasing power a small piece of paper.
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What is Money? ?? Fiat Currency USD: System of Control ?? (How Bitcoin \u0026 Crypto Can Protect Us! ?)Both can be used for payments and as a store of value � Both rely on widespread consumer trust in order to function as a means of exchange � Fiat money is issued. Fiat meaning: Fiat - a currency that is not supported by a tangible product, but rather by the government that created it, such as the Federal Reserve. Fiat currencies are legal tender controlled by governments. Cryptocurrencies are digital assets that use blockchain technology. Fintech Learning center.
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