Fiat
Fiat refers to traditional state-backed currencies such as the euro, pound or dollar. In iGaming the term is mainly used to distinguish conventional…
Fiat refers to traditional state-backed currencies such as the euro, pound or dollar. In iGaming the term is mainly used to distinguish conventional payment rails — cards, bank transfer, e-wallets — from crypto deposits.
Hybrid operators accept both and typically settle crypto to fiat instantly to avoid holding volatile balances against player liabilities.
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