Fiat Currency

Every jurisdiction operates using fiat currencies because everyone highly accepts it as a store of value and a means of payment. However, people accept Bitcoin as a means of payment, but only in some parts of the world.  The fact that the government backs fiat currencies poses some concerns and limitations to its users. They include inflation, deflation, theft, to name a few. On the other hand, Bitcoin is backed by blockchain technology. The technology creates room for the network…

In the past, if you wanted to purchase altcoins to support these projects, you needed to first get your hands on some BTC or ETH. This extra step often meant finding a centralized fiat-on-ramp and locating an exchange that offered the Altcoin you desired. The process was cumbersome and required you to navigate multiple platforms and incur fees. This process has been streamlined significantly, thanks to the introduction of altcoin/fiat trading pairs. Some top exchanges have expanded their fiat trading…