What is fiat? fiat news, fiat meaning, fiat definition - Blockchain.News
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Fiat Money
fiat

Fiat Money

What is fiat money; the history of fiat money and its influence on monetary policy and the global economy.

Binance Adds Its Sixth Fiat-To-Crypto: The Turkish Lira
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Binance Adds Its Sixth Fiat-To-Crypto: The Turkish Lira

The Turkish fiat currency has been listed to trade against bitcoin, ethereum and XRP on the Binance web platform.

Facebook Considers Fiat-pegged Stablecoins for Libra
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Facebook Considers Fiat-pegged Stablecoins for Libra

Despite facing constant criticism, Libra continues to stead on, with consideration of using Fiat – Pegged Stable coins for the project to replace its initial proposal of having a synthetic unit.

Binance Now Accepts Fiat Payments Through Alipay and WeChat
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Binance Now Accepts Fiat Payments Through Alipay and WeChat

In light of advancing the company's market outreach, Binance CEO Changpeng Zhao confirmed on the 9th of October in a tweet that Binance now accepts Fiat payment through Alipay and WeChat.

Central Banks Race to Adopt Fiat-Backed Cryptocurrencies
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Central Banks Race to Adopt Fiat-Backed Cryptocurrencies

Cryptocurrency innovations are scrambling to get adoption across the world. However, there is also another race. Many nations are competing to become the first to adopt a central bank cryptocurrency. Let’s understand why central banks are scrambling to acquire fiat-backed cryptocurrencies.

Visa to Work with Bitcoin Wallets to Enable BTC Conversion to Fiat
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Visa to Work with Bitcoin Wallets to Enable BTC Conversion to Fiat

Visa CEO Alfred Kelly has reaffirmed the company's plans to work with BTC wallets to make them interoperable with Visa for conversion from BTC to fiat currencies.

South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency
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South Korea Intensifies Blockchain in Banking but Rules Out Digital Fiat Currency

Wide application of blockchain technology is expected to affect people’s lives, business, education, governance, and other sectors. That is the reason, many countries explore and even deploy the huge potential of this technology. But the latest trend of the technology seems to have taken a new twist in South Korea. Now let’s find out why South Korea continues adopting blockchain in banking but rejects rolling out digital fiat currency.

Reddit $MOON Tokens Can Now Be Sold For Fiat
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Reddit $MOON Tokens Can Now Be Sold For Fiat

This weekend, a Reddit user posted instructions on how to withdraw $MOON tokens and turn them into cash.

Simplex Redefines the Fiat-to-Crypto/Crypto-to-Fiat Experience With the Launch of the Simplex Banking Solution
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Simplex Redefines the Fiat-to-Crypto/Crypto-to-Fiat Experience With the Launch of the Simplex Banking Solution

Simplex Banking works alongside Simplex’s unparalleled partner network to overcome key barriers to greater crypto adoption by providing a global solution of crypto- friendly banking, offering local payment methods for a truly global reach.

Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money
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Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money

The President of Brazilian Banking Federation has argued that cryptocurrencies do not meet the basic criteria of real currencies.

Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users
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Huobi Announces Plan To Launch A Fiat Gateway For Turkish Users

At the Eurasia Blockchain Summit Istanbul, Huobi Global declared its ambition to launch a crypto trading platform for Turkey users which will start with Turkish Lira (TRY) / paring and which they hope will enable users to exchange more crypto assets with greater liquidity.

Ripple CTO Assesses XRP as a Bridge Cryptocurrency Between CBDCs, Stablecoins, and Fiat
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Ripple CTO Assesses XRP as a Bridge Cryptocurrency Between CBDCs, Stablecoins, and Fiat

Ripple’s CTO David Schwartz discussed the key role Ripple (XRP) tokens and other cryptocurrencies would play in a market where CBDC was becoming a hot topic.

Huobi And Solaris Offer EU Crypto-To-Fiat Debit Cards
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Huobi And Solaris Offer EU Crypto-To-Fiat Debit Cards

Huobi, a cryptocurrency exchange, launched a crypto-to-fiat debit card cooperation with Solaris, a European financial services company. Huobi users may utilize their digital assets internationally at the point of sale through Visa's program. In the second quarter of 2023, European Economic Area (EEA) users will get the card.

Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin
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Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

MoneyGram has partnered with Stellar Development Foundation to enable customers to make settlements in different fiat currencies including cryptocurrencies using USDC stablecoin.

Is Cryptocurrency the Answer? Egypt’s Central Bank Limits Daily Cash Withdrawals Amid Coronavirus Crisis
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Is Cryptocurrency the Answer? Egypt’s Central Bank Limits Daily Cash Withdrawals Amid Coronavirus Crisis

Egypt is facing a severe cash crunch as the country is feeling the economic pressure of the coronavirus outbreak. The central bank of Egypt has instructed local banks to begin restricting daily withdrawals and has instructed citizens not to withdraw so much money.

Kucoin Global Users Can Now Purchase Crypto With Debit/Credit Cards
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Kucoin Global Users Can Now Purchase Crypto With Debit/Credit Cards

KuCoin exchange has launched the KuCoin Fiat Account, an avenue by which its customers around the world can fund their accounts using either a Visa or Mastercard debit or credit card.

Bitcoin (BTC) and Stablecoins Threaten Emerging Market Currencies, Report Suggests
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Bitcoin (BTC) and Stablecoins Threaten Emerging Market Currencies, Report Suggests

Bitcoin and stablecoins are posing a significant threat to weak emerging market currencies, according to CoinShares.

Binance Adds JPY Market to Fiat Liquidity Provider Program
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Binance Adds JPY Market to Fiat Liquidity Provider Program

Binance updates its Fiat Liquidity Provider Program, adding the JPY market and revising performance review and rebate mechanisms.

Will Bitcoin Ever Get Widespread Adoption in the iGaming Industry?
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Will Bitcoin Ever Get Widespread Adoption in the iGaming Industry?

Bitcoin is now over a decade old, although it has only been known and talked about among the general public for the last few years. During the Bitcoin boom of late 2017, we saw endless reports of the ever-growing value of the token and much speculation of how it would continue to rise to tremendously as time goes on.

Web3 users can now register .eth domains with fiat options
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Web3 users can now register .eth domains with fiat options

ENS has launched a fiat on-ramp for .eth domain registrations through MoonPay, allowing Web3 users to pay with fiat options such as Apple Pay and Google Pay instead of only Ether. ENS has also upgraded its platform to streamline sign-ups and expand its usability for hosting censorship-resistant websites.

Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals
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Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals

Trust Wallet has partnered with Ramp and MoonPay to offer seamless crypto-to-fiat withdrawals for its users. The feature allows Trust Wallet users to convert crypto to fiat directly within the app, eliminating the need for transferring funds to a centralized wallet. This development comes at a time when centralized exchanges and P2P platforms are shutting down.

What is CBDC?
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What is CBDC?

CBDC stands for Central Bank Digital Currency, and represents the digital form of a nation’s fiat money (currency backed by trust or faith in the regulating government).

Binance CEO Highlights Disproportionate Narrative on Illicit Activities in Crypto versus Fiat Currencies
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Binance CEO Highlights Disproportionate Narrative on Illicit Activities in Crypto versus Fiat Currencies

Dr. Andrzej Gwizdalski and Binance CEO Richard Teng's analysis reveals traditional fiat currencies are involved in more illicit activities ($3.2 trillion annually) than cryptocurrencies ($20 billion), prompting a rethinking of the narrative.

Binance.US Struggles to Find Banking Partner in the U.S.
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Binance.US Struggles to Find Banking Partner in the U.S.

Binance.US is facing challenges in finding a bank partner to serve as a fiat on-ramp and off-ramp for its clients in the United States, following the recent failures of Silvergate and Signature Bank. The regulatory crackdown on banks with crypto clients is another factor contributing to the exchange's struggles.

Banxa's Partners with AAX to Allow Purchase of Crypto with Fiat and Vice Versa
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Banxa's Partners with AAX to Allow Purchase of Crypto with Fiat and Vice Versa

On-and-off ramp Web3 solution Banxa's new partnership with cryptocurrency exchange AAX now allows customers to purchase crypto with fiat and vice versa.

Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat
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Twitter Bitcoin Hack Demonstrates That Crypto Fraud is Easier to Track Than Fiat

Cryptocurrency regulation was the hot topic during an ongoing panel hosted by the Association of Certified Financial Crime Specialists.

Australia Surpasses Asia in Crypto ATM Installations
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Australia Surpasses Asia in Crypto ATM Installations

Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. The country has consistently added Bitcoin ATMs over the last eight months and is on a crypto ATM installation spree. Internal documents from Australia’s Department of the Treasury suggest that crypto legislation is on the horizon.

Tether CTO Asserts $XAUT as the Digital Resurgence of the Gold Standard
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Tether CTO Asserts $XAUT as the Digital Resurgence of the Gold Standard

Paolo Ardoino, Tether's CTO, recently discussed the role of Tether Gold ($XAUT), Bitcoin, and gold in the evolving economic landscape.

Billionaire Ray Dalio believes that fiat is in jeopardy
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Billionaire Ray Dalio believes that fiat is in jeopardy

A Bitcoin admirer said the billionaire is close to "really understanding Bitcoin."

Stablecoin
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Stablecoin

What is stablecoin? In terms of what we measure the "stability". Understand stablecoin in different features. Central Bank Digital Currency (CBDC)

TrueUSD Partners with Alchemy Pay to Facilitate Direct Crypto Purchases in 173 Countries
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TrueUSD Partners with Alchemy Pay to Facilitate Direct Crypto Purchases in 173 Countries

Alchemy Pay partners with TrueUSD to enable direct crypto purchases via fiat in 173 countries, enhancing accessibility and transparency in the crypto industry.

Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing
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Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing

Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.

$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History
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$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History

On-chain crypto data analytics recently picked up a Bitcoin transaction worth more than $1 billion.

Stripe Is Integrated By Solana Market Maker For Fiat-To-Crypto Transfers
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Stripe Is Integrated By Solana Market Maker For Fiat-To-Crypto Transfers

The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe. Users can now purchase the blockchain's standard native SPL tokens, including USD Coin and SOL, with fiat currencies. This comes as the entire crypto industry picks itself up after the collapse of the former powerhouse crypto exchange FTX.

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
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Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash

Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.

Canada, Netherlands, Ukraine Central Banks Say Blockchain Not Necessary for CBDC
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Canada, Netherlands, Ukraine Central Banks Say Blockchain Not Necessary for CBDC

In a conference hosted by National Bank of Ukraine, some central banks recently suggested that blockchain is unnecessary for digital fiat currency

‘Rich Dad, Poor Dad’ Author Kiyosaki Praises Bitcoin, and Says “Bitcoin is In, Real Estate & Gold are Out”
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‘Rich Dad, Poor Dad’ Author Kiyosaki Praises Bitcoin, and Says “Bitcoin is In, Real Estate & Gold are Out”

In a talk radio segment, New York Bestseller Robert Kiyosaki and crypto investor Anthony Pompliano discussed the growth of Bitcoin (BTC) and the major role the cryptocurrency will play in the future.

Former Canadian Prime Minister Sees Bitcoin As A Potential Future Reserve Currency
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Former Canadian Prime Minister Sees Bitcoin As A Potential Future Reserve Currency

Stephen Harper, the former prime minister of Canada, has named Bitcoin as a possible reserve currency in the future.

Impending Central Bank Digital Currency: Data Shows Not All Central Banks Support the Move
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Impending Central Bank Digital Currency: Data Shows Not All Central Banks Support the Move

The paradox of the situation is that banks with the capacity to push the world into the digital currency era are actually not showing much interest towards adoption; with the reason for their reluctance remaining a question with no answer.

Binance Updates Fiat Liquidity Provider Program to Include MXN and CZK Markets
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Binance Updates Fiat Liquidity Provider Program to Include MXN and CZK Markets

Binance, one of the leading cryptocurrency exchanges, has announced updates to its Fiat Liquidity Provider Program. The program will now include the addition of MXN and CZK markets, providing more options for liquidity providers. The update will take effect on April 10, 2024.

Bridge the gap between traditional finance and DeFi
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Bridge the gap between traditional finance and DeFi

User location was shown to affect transaction authorisation, with Europe having the best success rates.

European Central Bank Assesses Potential Digital Euro CBDC Issuance
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European Central Bank Assesses Potential Digital Euro CBDC Issuance

The European Central Bank (ECB) evaluated whether a digital euro would be a beneficial addition to its financial system through an October report.

Binance Revamps Fiat Liquidity Provider Program with New Eligibility Criteria and Incentives
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Binance Revamps Fiat Liquidity Provider Program with New Eligibility Criteria and Incentives

Binance has updated its Fiat Liquidity Provider Program, focusing on specific fiat markets and a revised performance review mechanism. Starting September 25th, 2023, the program will be restricted to these markets and will offer maker fee rebates based on past trading activity. Eligible markets include TRY and EUR, BRL, GBP, RUB, ZAR, PLN, NGN, UAH, RON, and ARS. Participants must have a 30-day trading volume exceeding 20,000,000 USDT and demonstrate competent liquidity strategies.

Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services
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Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.

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