The most striking difference between cryptanages and paper money is that cryptic payments are only available digitally, while paper money exists in physical form.
Paper currency currencies are central, cryptic decentralized. While a central authority (banknote) exists in the paper money system and prints money, there is no such central authority in cryptic currency. There is no bitcoin bank or the like.
Instead, cryptures are based on the blockchain , a kind of decentralized database that stores all the financial transactions that have ever been done.