Knowledge Base Discussion about fiat currency

cryptobill

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#1
Fiat currency is a synonym of fiat money and refers to any form of currency, virtual or physical, that does not have intrinsic value.

For instance, the value of the US Dollar isn't at all related to its physical representation. That is, dollar bills and coins do not have value themselves (their paper or metal), but represent some value stored elsewhere.

Every major world currency in circulation today is fiat currency.

Based on Cryptocurrency Knowledge Base Topic fiat currency
 

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