Changing crypto into FIAT? How easy can it be?

[imikocha1994]

Ivy It recently announced a product called ‘IvyPay” for consumers to change Crypto into FIAT which will launch soon.

Ivy is a blockchain-based technology for FIAT & cryptocurrency business transactions which require extensive verification in the international monetary system. The ivy network utilizes IVY tokens which carry KYC & KYT data points critical for Financial Institution validation.

Ivy recently announced its new “IvyPay” which will allow consumers to change cryptocurrencies into real dollars (FIAT). This consumer product is the first step in delivering the Ivy Network technology for banks & Financial Institutions.

[Judybrown]

It is not very easy to change crypto into fiat. It involves a lot of processes by changing a token into bitcoin or ethereum before transferring it to a dollar or your own currency. I have realized there are some projects who want to provide an easy way of exchanging the crypto into fiat.

[owmivmen]

It seems very difficult for all countries to accept if crypto is used like Fiat. it takes a long time to implement it. There will be a lot of rejection if this happens.

[Speaker]

Mass cryptocurrency will not be accepted as Fiat.There are no clear laws and regulations.Moreover, cryptocurrencies have high volatility.

[damsix]

It is not very easy to change crypto into fiat. It involves a lot of processes by changing a token into bitcoin or ethereum before transferring it to a dollar or your own currency. I have realized there are some projects who want to provide an easy way of exchanging the crypto into fiat.

Exactly, all of it can be predicted by an application that is attached to the crypotucrrency, the tip is to Ethereum or Bitcoin.
I am also sure that the application also understands the scheme that has been implemented by Bitcoin.