They allow direct transactions between individuals without the intervention of an intermediary, such as a bank. While fiat money is subject to inflation and central banks can print more at any time, the leading cryptocurrency Bitcoin has a fixed supply of 21.000. 000 units , making it even scarcer than gold.
Read moreWhat is the difference between fiat wallet and crypto wallet?
Crypto is a digital currency, but fiat currency exists in the real world . Crypto is intangible, but fiat currency is tangible. Crypto has virtual existence, but fiat money is real-world currencies. The user controls crypto, but fiat currency is controlled by the government and a central banking system.
Read moreWhy cryptocurrency is better than fiat currency?
Cryptocurrencies employ security measures to protect their integrity and the security of the users. Unlike FIAT currencies cryptocurrencies cannot be corrupted because of the decentralization and security of the crypto coin .
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