Fungibility vs. Non-Fungibility Explained: A MUST KNOW in FinTechby@alyzesam
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Fungibility vs. Non-Fungibility Explained: A MUST KNOW in FinTech

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The word 'fungible' is derived from the Latin verb fungi, meaning "to perform" The study of economics suggests fungibility is the property of a good or commodity which retains individual interchangeable units where each counterpart is indistinguishable. Fungible assets are helpful in stable economies because they simplify the exchange and trade processes, as fungibility implies equal value between assets. The word fungible refers to non-distinguished entities are interchangeable, substitutable, or uniform. The potential seen in financial technology expands far beyond digital technology.

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