Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
IBAN stands for International Bank Account Number, which you can use when making or receiving international payments.
Receive your own IBAN account issued for a specific purpose. This allows you to receive and send money to both local and international banks.
Virtual IBANs can be used to send and receive payments worldwide, allowing businesses to extend their value chain to provide settlement services to their global customers.