What is a fiat wallet in crypto

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Fiat wallet-as-a-service involves embedding a licensed and regulated wallet with onramp and offramp features allows customers to hold, receive. What is a Fiat Wallet? A fiat wallet is a digital storage compartment for fiat currencies. If a user wants, they can store US Dollars, Euros. A fiat wallet, like a crypto wallet, is used to store currency. The money in a fiat wallet, unlike funds held in a cryptocurrency wallet, is merely regular fiat.

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You do not need a fiat wallet to take part in the crypto economy in any way. For more information, see swissmoney Cookie Statement. Wallet Address : Each crypto wallet has a unique address, similar to a bank account number, which you can use to receive or send cryptocurrencies.