{"id":39770,"date":"2018-03-22T20:41:35","date_gmt":"2018-03-22T19:41:35","guid":{"rendered":"https:\/\/www.coinpro.ch\/uncategorized\/what-is-fiat-money\/"},"modified":"2025-08-08T17:07:35","modified_gmt":"2025-08-08T15:07:35","slug":"what-is-fiat-money","status":"publish","type":"post","link":"https:\/\/www.coinpro.ch\/en\/knowledge\/what-is-fiat-money\/","title":{"rendered":"What is Fiat Money?"},"content":{"rendered":"

The cryptocurrency Bitcoin<\/a> was created as a response to the fiat money system. But what is it actually? In this article, we give you an insight into what fiat money is and what it has to do with cryptocurrencies<\/a>. <\/p>\n

Fiat Money Definition & Explanation<\/h2>\n

By definition, fiat money is something that initially has no intrinsic value. Despite the lack of intrinsic value, fiat money serves as a medium of exchange and you can buy goods in return. The classic counterpart to fiat money is so-called commodity money, which has existed for centuries and has a long tradition. Commodity money has an intrinsic value. Especially in the past, but sometimes still today, the following tangible assets are used as classic commodity money, for example: <\/p>\n