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Explanation of Fiat currency

Fiat money is a currency without intrinsic value established as money by government regulation or law. In general, fiat currencies are any currencies that are issued by a government by regulation or law. Examples are the Singapore dollar (SGD) and United States dollar (USD). Fiat currencies can be deposited to or withdrawn from your Zipmex account via bank transfers.

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Before you pay your DPT service provider any money or DPT, you should be aware of the following.

  1. Your DPT service provider is exempted by MAS from holding a licence to provide DPT services. Please note that you may not be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. Transacting in DPTs may not be suitable for you if you are not familiar with the technology that DPT services are provided.
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