TERM: Fiat Gateway

Fiat Gateway

A service that allows you to convert fiat currency in to cryptocurrency.

Cryptocurrency exchanges that deal in fiat currency, cryptocurrency brokerages and cryptocurrency ATMs are all examples of fiat gateways.

EXAMPLE USAGE:

Coinbase is a fiat gateway because it allows you to purchase Bitcoin/Ethereum/Litecoin with fiat currency such as US dollars.

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James C.
Posted on July 10th, 2018