- Hotline +65 6631 8332
Home What is the definition of Fiat currency?
12 Feb 2022 By PAYCEC
The definition of fiat currency: In a wide sense, fiat money refers to any form of money that has been declared legal currency by a government edict or fiat. However, the phrase is normally reserved for legal tender paper money or coins with face values that are substantially more than their commodity values and that are not redeemable in gold or silver.
Have other questions?
If you need further assistance or answer, please don't hesitate to contact us.
who we are
about us
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.
+65 6631 8332
Processing