Fiat Currencies

Fiat currency has no physical value and is a piece of paper or a coin. These types of currencies are known as today’s common banknotes and coins; These are used all over the world for economic and commercial exchanges, buying and selling of goods, and investment. This currency has been an alternative to the gold standard and commodity money (an economic good that is used instead of money).

The most important problem that Fiat currencies have is the possibility of their unlimited printing, which leads to excessive production and increased inflation.

Despite the fact that the main reason for inflation in many countries is fiat currencies, still, a very large part of economic transactions is carried out in this field on a daily basis.

Therefore, many transactions are done daily in this sector, and Doris Neobank has eased the minds of many users by creating a platform in this field because the transactions will be done with high speed and high security.