Fiat versus cryptocurrencies

One of the most important things to consider when investing your money is finding something that is reliable and secure, so you are not risking your money on something that could go wrong or be unstable. With that being said, there are a lot of things to think about when making the choice of what to invest in, but the following are the top reasons why digital currency will be better for your investment than fiat currency.

Fiat currencies have no inherent value. Fiat currencies are defined as any money that has value because of government regulation or law. Fiat currencies are not backed by any physical commodity, such as gold and silver, like many cryptocurrencies. Therefore, fiat money is a currency that essentially has no intrinsic value; it is worth only as much as someone else is willing to pay for it.

Fiat currencies are highly manipulated by central banks and governments to suit their own monetary policy.

Fiat currency is the traditional currency we are used to. Fiat currency isn't backed by anything. It's a currency with no intrinsic value. Fiat money only has value because a government says it has value, due to legal tender laws. Fiat currencies have been around for centuries and have changed frequently. Fiat currencies are vulnerable to inflation and deflation.

Cryptocurrency is new form of currency. Its popularity has increased since 2009. Cryptocurrency is decentralized and programmed using cryptography techniques. It’s a digital currency created from Bitcoin software, which is the first decentralized digital currency.

Cryptocurrency has no central authority and it's not backed by a government or physical assets like gold or silver; it's backed by cryptography techniques. There are many cryptocurrencies out there but the most popular ones are Bitcoin, Litecoin, Ethereum, Ripple, Dogecoin etc. Cryptocurrency is a fast-growing market.

Fiat currencies are backed by a central bank or government, and have been the de facto world currency for decades. Today, governments across the globe have begun to recognize the power of cryptocurrencies, especially Bitcoin. In some countries, like Japan and South Korea, cryptocurrencies are already being used as legal tender.

For the last couple of years, fiat has been on a downward spiral. The value of a dollar has depreciated to such an extent that it has now become trash. It is just not worth anything anymore.

Veritaseum, one of the crypto currencies in our opinion is the best crypto currency for investment. It is reliable, secured and has more value than fiat. Over the last few days and weeks, Veritaseum has been going up and up and up. Now is the time to join in and invest in Veritaseum before its price goes up even further. Veritaseum can be purchase on any of your favorite exchanges such as: Cex and Livecoin etc.

Fiat currency, is a currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

Summarise difference between fiat and cryptocurrencies