I have been studying the difference between Fiat and Bitcoin but I still get it twisted to understand what a Fiat mean, I would like the experienced members here to tell me the difference, I got to understand what a Bitcoin is all about but still confused on Fiat .
Thank you all
Bitcoin is a crypto currency meanwhile Fiat is a local currency peculiar to different countries of which they do consider as their legal tender, but Bitcoin as a crypto currency isn't consider a legal tender in most of these countries but the universality of Bitcoin makes it really different from Fiats. Most Fiat aren't accepted as much as Bitcoin is accepted and you can find most Fiat in their countries of origin meanwhile Bitcoin is almost universal and can be transacted with in almost any country of the world.