Crypto Currency A Payment System and a Monetary System
Payment System \ Monetary System | Cryptocurrency (monetary system) | fiat (monetary system) |
---|---|---|
cryptocurrency (payment system) | Bitcoin via a client where you keep your keys | bitUSD, TrueUSD, nUSD, Tether |
fiat (payment system) | bitcoin held by an exchange on your behalf | bitUSD, TrueUSD, nUSD, Tether held by an exchange on your behalf or bank account money held by a bank on your behalf |
Coins mentioned in post: