How Do Cryptocurrencies Differ from other Forms of Payment?

[Nezar 7169]

The difference is that cryptocurrencies are faster in payments, unlike fiat currencies, and also the person who pays through cryptocurrencies cannot be tracked. For this reason cryptocurrencies are used for purchases within the dark web, and cryptocurrencies can generate profits for the seller when the price is high

[Jeet Narayan 1940]

Cryptocurrency are virtually currency , that are used in internet world to payment system .  Crypto coins payments are very fast than Fiat money. It is easy to operate and use . 

[Dark_Sky 8489]

On 4/11/2020 at 5:30 PM, UT2001 said:

If you want to see a super fast payment being processed then I would advise you to get some hands on experience with xrp as I have never seen faster transactions anywhere with anything.

Thanks for this tips. 

I hope some people who didn't know this will have a try for it for them to know and experience the service and process of xrp. 

Beginners must try it. 

[Mcd0d0 5882]

We, cryptocurrency is decentralized which means that no one can handle this, and for being an decentralized, this cryptocurrency is taxless, when you used it in transactions and payments, you have no additional payments to be paid.

[malik6314193 5449]

I think crypto currencies are different with fiat currencies due to international transactions. If we make international transaction of fiat currencies we have to pay high fee but in case of crypto currencies there is no such high fee. 

[Zues 1069]

On 4/12/2020 at 2:36 PM, magd said:

Payment addresses are made for each currency, according to certain calculation algorithms and sequences, so that addresses do not duplicate, so we find that the bitcoin wallet address is different from the address of the Digcoin wallet. As for digital payment, it is via proofs of personal data and is linked to the central market, unlike payment with decentralized encryption, which depends on the address Your wallet

I think that cryptocurrency differs from other exchanges and payments because cryptocurrency is a form of digital currency and there is no paper money involved here. I hope that they can understand how cryptocurrencies function so they should know how to deal with cryptocurrency. 

[Ch Ayyan 9781]

Crypto  currencies  are most popular then other currencies  or fiat or real currencies  on internet. Some one called  Crypto  currencies  as currency  of internet. I think resin is it's  popularity. 

[Irish 128]

On 4/11/2020 at 3:43 PM, kipara said:

There have the question that I always asking myself but i never found the solution. Thats is cryptocurrencies was created in order to be using as payment method, but what's the different with cryptocurrency payment and fiat currencies online payment here?.

Because both of them are paid through online payments.

Because as a means of payment, crypto is the fastest way to pay anything anywhere you want. And also the coins you are keeping cannot be easily stolen by others unless if you are too much good to give your trust to others and you'll be a victim of scammers.

[jamesvince 2389]

The main difference between crypto market payment system and fiat currencies payment system is crypto market used blockchain technology for confirmation of transactions and fiat currencies dont used blockchain technology for confirmation of transactions. 

[Laboni 755]

Cryptocurrencies are different from other forms of payment because they are much easier in the case of crypto transactions and payments. Completing transactions very quickly is much easier at work. Forms other than crypto are more likely to be troublesome scams.

[Captain Karim 0]

You are right, but there are basic differences between them. In the cryptocurrency wallet you are the one who owns the money alone while the banks are the ones who own the real currencies and you may lose your money if the bank goes bankrupt and when you pay using cryptocurrencies your identity remains anonymous, but you must identify Your identity while paying with real money.

[Thekingcallme 1975]

There are many differences between cryptocurrencies and fiat currencies in terms of privacy as well as the rate of currencies and the speed of transmission

[Crypto123 0]

There is a big difference, of course. Satoshi has made Bitcoin to be a decentralized currency for payment P2P i.e. directly without a broker, you can send or receive cryptocurrencies to and from anywhere in the world without the necessity of a third party, but in the paper money system it is necessary to have a broker, which is the bank. In cryptocurrencies, you own money and no one can control you. As for bank notes, you do not own your money but the bank is the one who controls it.

[CryptoLover21 0]

The main difference of the cryptocurrencies from other forms of payment is cryptocurrencies are can be transacted anonymously and very secure by using mobile and transaction fee are low.

[bitcoin-shark 1928]

There are many differences between the various online payments and online payments with cryptocurrencies is in my opinion the most important difference and the fundamental ones are anonymity, privacy and the elimination of intermediaries payments with cryptocurrencies are immediate and  they are not almost completely traceable by eliminating intermediaries such as service providers or banks

[Virgil dijk 1431]

For me I think the difference is that the normal online payment is done in monetary terms which is fiat, and also the transactions are bears the details of the sender, while in cryptocurrencies transaction are anonymous and also payment is sent in codes.

[Moaz 7239]

I think that there is a big difference in payment between cryptocurrencies and fiat currencies via the Internet, is that payment using cryptocurrencies can not be tracked, and the identity of users remains unknown and is faster than paying in other fiats currencies

[koussai999 1986]

Paying in cryptocurrencies guarantees you complete privacy. As for payment using regular currencies, it is greatly monitored and is affiliated with the financial system of one country. In cryptocurrencies, you are completely free.