![]() Learn more about the BitPay Prepaid Mastercard: https. The opposite happens when enough citizens start to worry that there may be a future shortage or limited ability to access more Fiat Money or that it may get harder in future to convince people of the value of the items they are selling (e.g. 19 likes, 1 comments - BitPay (bitpay) on Instagram: Finally a crypto card worth talking about. ![]() they start devaluing the value of the Fiat Money). Connect the card to your crypto wallet to start spending instantly. BitPay Support BitPay Prepaid Mastercard (US) Apply for a card Apply for a card Follow New articles New articles and comments. Once that confidence starts to waver for enough citizens in the population, citizens being asked to accept and hold Fiat Money for a period of time in exchange for something of real value at the present time (such as a car, milk, land, etc.), start to hedge their bets, by asking for a little bit more to cover their perceived risk of loss of value at some point in the future (i.e. Convert crypto to dollars with the BitPay debit card. We, as citizens, accept the value of Fiat Money we are told by the government for as long as we have confidence that it will remain exchangeable with other citizens for something of close to that value over a given period of time. This is what allows governments to simply print as much money as they want or need, because they do not need to back it with something real, like silver or gold. it is not pegged to or backed any thing of real value such as silver, gold, camels, cows or even land. The BitPay Prepaid Mastercard is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from. ![]() The card is not currently available to residents of U.S. Founded in 2011 by Stephen Pair and Tony Gallipi, BitPay is a payment. The card is available and supported in all 50 US states. The BitPay Card is a cryptocurrency debit card that allows you to use Bitcoin to make payments within Mastercard's network. Means " by arbitrary order or decree," which is derived from the original Latin meaning " let it be done."įiat Money or currency, therefore, is money that has been created by arbitrary government order or decree, but has no intrinsic value in and of itself - i.e. The BitPay Prepaid Mastercard is issued in the United States by Metropolitan Commercial Bank. ![]()
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