Advantage of crypto payments system over traditional.

[svetlana]

Cryptocurrency payments are very convenient. You can pay without leaving your home. There is no need to waste time going to banks to pay for services. Transactions are instant. Commissions are low.

[hair]

There are many advantages to the crypto payment system, namely fast, transparent, efficient, decentralized and very safe.

[tervel]

The increasing rate of cryptocurrency adoption has seen huge repercussions across many business sectors as companies strive to keep up with the crypto revolution. Online payments have become big business as more people choose to purchase goods and services online.

[pelana vreo]

A payment system that uses crypto is decentralized and centralized. All systems are in crypto and users can choose it, we have seen many platforms offer easy transactions without 3rd party interference, and this is the preferred choice for crypto users, they will easily make transactions without having to queue at a bank or ATM machine

[trauchot]

Quite right, because traditional payment systems for this were created to control all people and therefore it is necessary to get rid of these already outdated payment systems as soon as possible and here cryptocurrencies will help us, but unfortunately until the whole world switches to cryptocurrencies it can take a huge amount time, but in the future I still think that cryptocurrencies will be the main payment system.

[tinakoya]

For me it's a great way to avoid the horrible germs found on traditional money, that piece of paper and coin transmits loads of germs around the world and i don't understand why we are still using it.

Secondly, since we now have stablecoin, you can always convert your money from your bank account and credit card to currency like USDT, i do that alot especially due to volatility of cryptocurrency. You can have funds you use for trading and you can have stablecoins you can convert to currency of your choice either bitcoin or ethereum etc when you need to make payments if USDT is not accepted.

Also since crypto payments are usually decentralized, you don't have governments on your neck

[Crypto Guard]

Currently online payment systems are more in demand because they are considered more practical and the process is faster. I'm sure in the near future it could even be that online payments using crypto will be applicable in many segments.

[kent47400]

In my country, even for KYC, every application from the Bank always uses the same trick as cryptocurrency.
It seems that this bank feels lost step by the presence of cryptocurrency in its financial system that is so transparent and so dynamic in various fields.

[Methos]

Being traditional is not too bad but being dependent on what you've practice is not practical, we have a fast phase changing world I think it's better to adapt the system if the system is giving a lot of possibilities and less error.

[H2O]

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!

Traditional transactions means old methods which are very much unfamiliar with banking and customer services. Crypto payments are very much quicker than the traditional method. Many of gigantic organisations are preferring to agree with cryptocurrencies payments.

[TERMINO]

The world regular system must shift to advance human approach through educational and friendly technology advantage. Fast and more accurate method is the best part of crypto payment. someday crypto payment will become like cashless method in some countries. Not difficulty to navigate from old life to brand new approach to make things brighter and bigger.

[Sentinel]

In crypto, as a financial regulator, it is entirely within each other. And this is considered very simple and independent. So a lot of people come into crypto because of this. But also has a big enough risk.

[Riya143]

Traditional banks have some limitations for transactions. And limits are given for various transactions. It is a kind of difficulty that can be caught. Cryptocurrency transactions can be done much more. It probably has no fixed amount. So different companies have been using the method for transactions. However, in order to purchase goods in different countries, there are as many commercial or high-level commercial institutions around the world, they mainly trade in cryptocurrencies. Cryptocurrency is used as one of the commercial approaches. It is very popular as it is a part of digital transactions.

[mianvicky1]

Traditional payment systems have such complications. In comparison, all payments made in cryptocurrency are much easier, It allows you to make any payment in a matter of seconds. It all depends on you. That is why its popularity is increasing

[Mexite]

Crypto payments have some superior benefits compared to traditional payment systems. However, more payment solutions are needed that will simplify the way users interact and use wallets so that anyone can easily send, receive or transfer crypto via their wallet or any platform.

Also, the issue of irreversibility of funds can also deter an average no coiner from using crypto payment in case of user's fault when sending crypto payments. Then finally is the volatility issue which shouldn't be a problem if users will adopt stablecoin.

I think with time, and some standard regulatory frameworks, we should see more traditional adoption of cryptocurrency.