entity · derived
Fiat redemption
Derived node: assembled mechanically from the claims carrying fiat-redemption. A roster, not an adjudicated definition.
Every claim under this term
- 5454054-022 : The absence of fiat par-redemption combined with limited acceptance inside merchant ecosystems makes LER rewards closed-loop utilities, which is what removes their classification as electronic money t
- 5454054-028 : A favorable legal assessment of LER depends on four design features holding simultaneously: non-transferability, absence of a secondary market, absence of fiat redemption, and consumptive utility.