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SoFi Launches Big Business Banking With Fiat and Crypto on One Platform

The company says its new Big Business Banking service combines traditional currency and cryptocurrency services within a single regulated platform.

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Terms & Concepts
  • Fiat currency: Government-issued money such as the U.S. dollar that is not backed by a physical commodity.
  • Cryptocurrency: A digital asset that uses blockchain technology to record transfers and ownership.
  • Regulated platform: A financial service platform that operates under applicable legal and compliance requirements.