FIAT currency is a type of money that is issued by a government and considered legal tender. It is
not backed by a physical commodity like gold, but instead is given value because the government says
it is valuable. This means that if you have FIAT money, you can use it to buy goods and services
because the government accepts it as payment.
Some examples, the US dollar, the Euro, and the
Japanese yen are all examples of FIAT currencies.
FIAT payments can be processed in cash or via
Credit/Debit Card or GPay & Apple Pay.