Damex
Glossary

What is fiat currency?

Fiat currency is regular money issued by the government, not backed by a physical item.

Can you give examples of fiat currency?

Examples of fiat currency are USD, EUR, and GBP. This is the money you use every day and is accepted for transactions everywhere.

How is fiat currency different from other types of money?

Fiat currency is the cash you use daily, like dollars, euros, or pounds. It’s what you spend to buy things, unlike digital or commodity-backed currencies.

Share this info

Related terms (by category)
Related terms (by alphabet)

Discover Damex App

Mobile Payments

Your Instant, Easy, and Safe Mobile Payment App

Exchange of fiat and digital assets

Simplify Your Asset Exchange Experience

Accounts

We’ve got the right solution to keep your funds safe

Step gamification

Turn Your Finances into a Rewarding Adventure!!

Damex Co-branded Visa Card

Swipe, Shop, and Celebrate: Financial Freedom with Damex Visa Cards!

Cashback

Unlock the True Potential of Your Finances

Discover Damex Business

Trading

Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes

IBANs

Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk.

Custody Solutions

Damex offers three alternative custody solutions.

About us

Find out more about Damex.

Career

Join the DAMFAM.

Culture

We are dynamic, we are progressive, we are united.

Team

We are dedicated to make ownership and management of Digital Assets simplified.