{[{item.pair.split("_")[0]}]}

${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 4})}]}

{[{item.change24}]}% Vol {[{ item.volume.toLocaleString(undefined, {maximumFractionDigits: 2}) }]} USDT

+{[{item.change24}]}% Vol {[{ item.volume.toLocaleString(undefined, {maximumFractionDigits: 2}) }]} USDT

Interactivecrypto does not accept users from your country (Israel)
banner

Why Digital Money Needs Fiat Currency

news_img

January 28, 2018 | 

3509 Views | 

Joanna Newman | 

Get Into Cryptocurrency Trading Today

As opposed to fiat currencies, which are backed by real, physical gold or cash, cryptocurrencies are not backed by any physical asset.

These new forms of currency make it possible to easily transfers funds between users and also, eliminates the need for an intermediary, such as a bank or Paypal.

Cryptocurrencies operate by using a decentralized system that spreads itself out across a network of its users. Therefore, the only way that the system can collapse is if all the computers that are part of the network were to go offline at the same time.

Even if fiat currencies are being phased out, it is important to remember that they have been an important part of the way we have managed out economic activity over the past several centuries. And, as experts like Tim Sawson agree, cryptocurrency will always need traditional money for reasons of stability and liquidity.

A Volatile and Unstable System


Bitcoin

price of $20,000 near the end of 2017







Youbit, a South Korean exchange

Long Live Fiat Currency





Fiat Currency Remains the Basis of Earnings






Buy & Sell Cryptocurrency Instantly

TAGS: NEWS INFO BITCOIN CRYPTOCURRENCY

Did you like this article?

Yes No
Leave a Comment

NEWS

Crypto coins like XRP, Aave, and Beam with price prediction charts for 2025
Bitcoin and altcoin market chart with storm clouds symbolizing 2025 crypto predictions

Is Alt Season Around the Corner? Crypto Market Predictions for 2025

1 day ago |  Laura Williams

news_img

The Rise of Real Money Plinko in the Crypto Gambling Scene: A New Era of Blockchain Gaming

1 day ago |  Darryn Pollock

"Elon Musk and DOGE face legal battle over USAID shutdown with Dogecoin logo in background.

Elon Musk’s DOGE vs. the Constitution: Political Witch Hunt or Power Play?

Washington, March 19, 2025—A federal judge has thrown a wrench into Elon Musk’s audacious plan to dismantle the U.S. Agency...

4 days ago |  Robert Mitchell

news_img

The Battle Over USAID

Washington, March 19, 2025—A federal judge has thrown a wrench into Elon Musk’s audacious plan to dismantle the U.S. Agency...

4 days ago |  Robert Mitchell

Chart of Bitcoin’s 22% price drop from $109,000 with ETF growth and Ripple SEC case in focus
Dynamic illustration depicting XRP surging toward $30 and Bitcoin aiming for $110,000, highlighting crypto market breakthroughs, stablecoins, and legislative progress.

$30 XRP Is Going to Melt Faces—Is This the Turning Point?

4 days ago |  maria wilson

Illustration of XRP’s rise with RippleNet bridging global finance and tokenized assets.

Could This Be the News That Propels XRP to $10?

5 days ago |  Darryn Pollock

Illustration of cryptocurrency market trends featuring Bitcoin, Solana, BTC Bull Token, and MIND of Pepe ahead of the Fed meeting.

The Crypto Stars to Watch Before This Week’s Fed Meeting in March 2025

The cryptocurrency market remains a rollercoaster of short-term volatility, with its total market cap slipping 3.13% in the...

5 days ago |  David Jhones

news_img

Why the Fed Meeting Matters for Crypto

The cryptocurrency market remains a rollercoaster of short-term volatility, with its total market cap slipping 3.13% in the...

5 days ago |  David Jhones

news_img
Bitcoin and XRP price predictions with institutional investment insights.

Is Bitcoin on Its Way to a 5X Surge? Major Institutions Bet Big on Crypto

10 days ago |  David Paterson

news_img

Crypto Warning: What You Absolutely Need to Know Before Buying Cryptocurrency

10 days ago |  David Jhones

news_img

Merchant Cash Advance (MCA) Loan: Is It the Right Choice for Your Business in 2025

A Merchant Cash Advance (MCA) is a type of business financing where a lender provides a lump sum of money in exchange for a...

10 days ago |  Kim Sorgson

How Does a Merchant Cash Advance Work?

A Merchant Cash Advance (MCA) is a type of business financing where a lender provides a lump sum of money in exchange for a...

10 days ago |  Kim Sorgson

MORE NEWS
banner

COMMENTS (0)

VIEW MORE COMMENTS

Manage your own Watchlist

Access all education lessons

Converse with other crypto enthusiasts

Be a part of the Interactive Crypto Community

Facebook Google
banner

LIVE RATES

ALL

Trending

WATCHLIST

Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)

Symbol

Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.

Trade

{[{ item.name }]}
   {[{ index + $index}]}     {[{ item.pair.split('_')[0] }]}

Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

TRADE

Showing {[{ showing }]}

Symbol

Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.

Trade

{[{ item.name }]}
   {[{ index + $index}]}     {[{ item.pair.split('_')[0] }]}

Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

TRADE

Showing {[{ showing_trend }]}
banner

WHAT'S NEW

NEWS

REVIEWS

BROKERS

WALLET

Crypto Price Predictions 2025: 15 Coins Worth Watching

1 day ago|  Joan Marcelo
news

Is Alt Season Around the Corner? Crypto Market Predictions for 2025

1 day ago |  Laura Williams

news

The Rise of Real Money Plinko in the Crypto Gambling Scene: A New Era of Blockchain Gaming

1 day ago |  Darryn Pollock

news

Elon Musk’s DOGE vs. the Constitution: Political Witch Hunt or Power Play?

4 days ago |  Robert Mitchell

news

Bitcoin’s 22% Plunge: Shakeout or Springboard to $100K?

4 days ago |  John Smith

SEE MORE NEWS
review

Tezos (XTZ) Review 2024: Everything You Need to Know Before Buying Tezos

.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; backgrou...

review

Chromia (CHR) Review 2024: Everything You Need to Know Before Buying Chromia
review

Illuvium (ILV) Review 2024: Everything You Need to Know Before Buying Illuvium
review

My Neighbor Alice (ALICE) Review 2024: Everything You Need to Know Before Buying My Neighbor Alice
review

Star Atlas (ATLAS) Review 2024: Everything You Need to Know Before Buying Star Atlas

SEE MORE REVIEWS
broker

OQtima

Oqtima is an emerging online trading platform that offers a wide range of financial instruments, inc...
broker

Saxo

Saxo Bank is a leading global online broker offering a wide range of financial instruments, includin...
broker

FXCC

.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-c...
broker

Quadcode Markets

Quadcode Markets is an online brokerage offering a wide range of financial instruments, including fo...
broker

Trading 212

Trading 212 is a popular online broker offering a range of financial products including stocks, ETFs...

SEE MORE BROKERS
wallet

(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
wallet

(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...

wallet

Mobi

Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...

wallet

Bitcoin.com

Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...

wallet

BTC.com

Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...

SEE MORE WALLETS
banner

RECENTLY VIEWED

banner

WALLET REVIEWS

wallet

(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
wallet

(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
wallet

Mobi

Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
wallet

Bitcoin.com

Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
wallet

BTC.com

Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...

SEE MORE WALLETS