Advantage of crypto payments system over traditional.

[Altcoin1998$]

Traditional payment systems have all kinds of built-in limits, checks, human errors and legal boundaries. That being said, all of the above works against the client, always. In crypto, however, everything is in the hands of the users. This is why the main cause of its growth in popularity is how it offers independence in handling your finances!

[masterrex]

Traditional payment systems have all kinds of built-in limits, checks, human errors, and legal boundaries. That being said, all of the above works against the client, always. In crypto, however, everything is in the hands of the users. This is why the main cause of its growth in popularity is how it offers independence in handling your finances!

Yes, that's true mate, Crypto payments have more advantages compared to the traditional payment system, Because in cryptocurrency payments the transaction is transparent and almost instant, with lesser fees and many more, thats why crypto payments will be the new trend in cross border payment solution globally. and I believe it will grow more rapidly in the years to come.

[Debasco]

crypto payment is an electronic payment, in which debit and credit of an account can take place within a twinkle of an eye, and it serve as the fastest means of transaction since it can be simply be tagged as a means of unified payment.

[Joyjoyce0]

Personally I would say crypto is the best financial tools ever invented. Or what would you say about a means of settlement that give you liberty of spending, devoid of regulation, and freedom from third parties?

[hushpupppy]

The reality on ground is that the traditional system is not yet ready to concede power to crypto payment system. Everyone in crypto currency today uses the local banking system as it is cheap and relatively convenient and i am sure you have also used your local banks today.

Crypto payment will only assist local traditional payment system; it cannot take over from them, not yet

[MrSpasybo]

Some advantages of crypto payment system over fiat:
- faster speed, by not through intermediaries;
- cheaper cost, usually, except when bitten by Crypto Kitties
- anonymous & secure;
- transparency for the entire community;
- difficult to manipulate and deceive;
- has many features thanks to the details of smart contracts.

[Cryptoz]

When we pay in crypto, it will have lower fees. Also, it can be done everywhere around the world. Also, we can do the payment anytime without the need for third parties. I think crypto payment to bring many advantages if we can do the payment with crypto. But unfortunately in some countries, we still can't do it as it breaks the rules.

[KryptoBull]

In my opinion, with crypto payments, it is possible for a user to make a mistake and lose their assets by sending crypto assets to the wrong addresses leading to the crypto asset being locked or burned. This can be seen as a problem with ERC-20 tokens during the ICO wave of 2017-2018.
So, no matter what form of payment, users also need the most basic skills.

[TomPluz]

There is a big potential with cryptocurrency to lead the payment industry as it is really designed that way. But how come we are not really seeing a significant rise of people who are into crypto payments yet? It is because as of now there are many hurdles that must be addressed first. And we already know what are the problems with cryptocurrency as a payment platforms. I am talking about the leading coins like Bitcoin and Ethereum. From scalability, transaction cost, speed and even security sometimes (including regulations) -- there are many issues that must be given sufficient solutions first before we can expect massive adoption.

[Raboni]

The advantage of crypto payment is saving time and hassle free from actual payment over the counter. It is the most advance approach where the particular token convert to USD. This method will become popular timely for all who don't want to fall in line in the counter.

[tervel]

When you deposit money into your bank account, you become a creditor of the bank, that manages your money on your behalf.In transactions that you carry out with ‘your money’, the bank acts as an intermediary between you and a third party.Transactions with cryptocurrencies are peer-to-peer transactions or transactions from people to people.

[Coin63@]

I am not interested traditional payment method. This payment method have many problem. Many user suffer that reason. So this payment method not available for many country. Because cryptocurrency not accepted worldwide. So in future can be well traditional payment system.

[Jaephoenix]

Crypto payments systems have a way of inculcating the advantages of both worlds of Fiat and Cryptocurrency into a viable package that can appeal to both sides of the divide

[Quantum X]

That is why it is better if the company build through traditional system will try to adopt the system of cryptocurrency in a way that their business is not affected by the volatility.

[I-Bit]

Of course, if it is a trusted cryptocurrency that has a big value and also volume, it will be more precious and also worthy to be used than using traditional payment. It can be used for global payment more easily without getting consumed and a long time to send as using bank transfer.