Deep Press Analysis
Kanishka NaikFiat on-ramping and off-ramping—converting fiat to crypto and back—is a critical FinTech function. Seamless integration between traditional fiat systems and crypto ecosystems remains a key technical and regulatory challenge.
Fiat currency is money declared legal tender without commodity backing. Its value rests on public confidence in the issuing government. Fiat currencies like the USD, EUR, and JPY form the monetary foundation of most FinTech systems.
SpaceLifeForm@GhostOnTheHalfShell @dlakelan @SmithWillSuffice @economics-that-works
You just print more money.
SacreA history lesson on money, from barter to Bitcoin.
How Money & Banking Work (& why they're broken today) - Lyn Alden
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GenxWill Cryptocurrency Replace Fiat Currency?
https://genxnotes.com/will-cryptocurrency-replace-fiat-currency/
#AI #AMP #Celo #Coin #Cryptocurrency #DAI #decentralized #DeFi #Dominance #ENS #FiatCurrency #gm #IOU #LED #Ledger #Mac #Money #NC #POL #PoS #Price #Privacy #PRO #Rap #Stem #STO #USD #USDC #USDT #UX #web3 #Wrapped #X
AmgineI am sure that is how it looks, but in fact that is not how it happens. #FiatCurrency is 'created' by an issuer purchasing financial assets or lending money to a financial institution.
If they could simply 'print money', as you suggest, they would never have need to borrow. But they cannot, because no one would accept the scrip.
Instead, via the Bank for International Settlements (#BIS) - owned by central banks - they set goals & strategies to achieve red book values.
AMonkeyInSilk 🇺🇦🇵🇸David Speers on #ABCNewsAustralia this evening continuing the mythology around a ‘balanced’ budget.
Australia and Australians suffer whenever the federal government prioritises a budget surplus over services and infrastructure needed to maintain a strong and healthy country and population.
#auspol #mmt #fiatCurrency #election #vote #budget #budgetdeficit
From: @DrALJONES
https://mastodon.social/@DrALJONES/114414533471013531
Ricardo HarvinThe Trump administration, its allies, and supporters are working to trash the dollar, Treasuries, and the overall economy so the crypto bros can come in to start tearing apart the Federal Reserve and extend the scam of crypto currency to steal trillions of dollars from the U.S. government, its citizens, and the world.
The chaos is the point, not a mistake.
Gold isn't at a peak valuation by mere coincidence.
#USPol #dollar #FiatCurrency #TreasuryBonds #gold #crypto is a scam, all of it, period
Pino CarafaI find it wrily funny when people try to convince others to use #CashOnly . I do understand the sentiment, but in the end the cash we all use is a #FiatCurrency . Its value is nominal only and that is one reason why we have to put up with things like #Inflation . But I never seen a compelling argument for a return to #BarterEconomy . Like it or not, we're part of a global economy, and friendly trade agreements are in everyone's best interest *glares at the #USA *