What is a fiat wallet?

A fiat wallet is a digital or physical wallet that allows users to store and manage their fiat currency, such as US dollars, euros, or any other government-issued currency.

With a fiat wallet, users can easily send and receive money, make purchases online or in-person, pay bills, and manage their finances. Fiat wallets are typically used in conjunction with traditional banking services, such as debit and credit cards, but can also be used independently for peer-to-peer transactions.

Fiat wallets can be accessed through various mediums, including mobile apps, online platforms, and physical wallets like cash or card holders. They provide a convenient and secure way to store and manage fiat currency, allowing users to easily access and control their money at any time.