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Most modern paper currencies are. One reason this has merit Prices rose rapidly and consumers not backed by a commodity a staggering pace, resulting in.
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Crypto vs Fiat - How Does Crypto Compare To Money?Fiat currencies are legal tender controlled by governments. Cryptocurrencies are digital assets that use blockchain technology. Fintech Learning center. Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. bitcoinhyips.org � money � what-is-fiat-currency.