FIAT Currency | What is it? #Shorts #Crypto #fiatcurrency

FIAT Currency | What is it? #Shorts #Crypto #fiatcurrency

Fiat currency is a government-issued currency that is not backed by a physical commodity, such as gold or silver. It has value only because the government says it does and people have faith in it.

Examples of fiat currencies include the US dollar, euro, and Japanese yen. Unlike cryptocurrencies, which are decentralized, fiat currency is controlled by central banks and governments and is typically used as a medium of exchange for goods and services.

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#crypto #finance #fintech #euro #dollar

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