baino currency vs fiat currency
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Baino currency is user-generated, having the symbol code (TRP), standing for Tokenized Royalty Penny, used only online and stored digitally in Memoir Accounts.
Fiat currency is government-generated, having the symbol code (USD), standing for United States Dollar, used offline, even online, and stored physically as cash or in Bank Accounts.
Examples of baino currency include; TRP, MMR, IOC, as their symbol codes, allowing for easy conversion, exchange, and calculations with other foreign currencies, particularly when trading.
Examples of fiat currency include; USD, EUR, GBP, as their symbol codes, which are used for converting the base currency with similar local currencies, since they’re government issued.
Comparing baino currency to fiat currency, you have to understand that; baino currency is user-generated, meaning that anyone can earn and use it. Meanwhile fiat currency is produced by the government only, meaning that anyone cannot produce it on their own, as its considered illegal.
There is a clear difference between baino currency and fiat currency.
ORIGIN;
Baino currency is a user-generated money earned online, issued electronically. Fiat currency is a paper produced money, issued by the government of a nation. Baino is acceptable digitally while Fiat is acceptable physically.
VALUE;
TRP is the baino currency code, with a base value of 0.01 USD per TRP. And then, USD is the fiat currency code, with a base value of 100 TRP per USD. Both currencies are used as a medium of exchange for goods and services.