A fiat currency is a kind of currency that has a government decree and can be used for payment of goods, services, and debts. These currencies can be deposited and withdrawn from accounts.
FEON's goal is to provide a system that allows users to use cryptocurrency as a means of payment in lieu of having to rely upon fiat currency. What we see is a new world in which payment can be made instantly anywhere on the globe.
Cryptocurrency is becoming more attractive than fiat currency with each passing day and appear to be the future of settling payments. Blockchain technology allows for transactions to be completed instantaneously with little to no cost. What's more, transactions are transparent and they can be completed without the involvement of intermediaries who traditionally end up collecting significant commission.
To find out more about FEON and what it can do for you, go to www.feon.io.