Traditional Payments | Crypto Payments | |
---|---|---|
Transaction Speed | Slow cross-border transactions (3-5 days) | Near-instant, borderless |
Security & Finality | Bank-dependent, risk of chargebacks | Irreversible, secure transactions |
Settlement & Transparency | Lengthy manual checks | Instant settlement |
Compliance | Regulatory hurdles (varies by jurisdiction) | Built-in audit trails, compliant frameworks |
Fees | Large | Small |
Transaction time | Processed from 9 AM to 6 PM, excluding weekends | Available 24/7, regardless of time zone. |