## What is fiat currency? Why are countries using it
**Simply put, fiat currency is money that a government or central bank declares to be valuable, and it is considered valuable.** It is not backed by gold or other physical assets, but the credit and authority of governments make it a legitimate means of payment. Most countries worldwide use a fiat currency system to facilitate goods transactions, investments, and savings. This seems obvious, but if you look back into history, you'll find that it was actually a revolution.
## How fiat currency rules the world
The story of fiat currency begins
**Simply put, fiat currency is money that a government or central bank declares to be valuable, and it is considered valuable.** It is not backed by gold or other physical assets, but the credit and authority of governments make it a legitimate means of payment. Most countries worldwide use a fiat currency system to facilitate goods transactions, investments, and savings. This seems obvious, but if you look back into history, you'll find that it was actually a revolution.
## How fiat currency rules the world
The story of fiat currency begins
BTC-1,67%