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| Cryptocurrency versus current online payments | 427 |
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| Uport crypto | Cryptocurrency Payment vs. As the world becomes more connected and digital, it is clear that cryptocurrency payments have the potential to revolutionize the way we conduct transactions. Bitcoin was designed for peer-to-peer transactions, removing all parties except the two making the financial exchange. A credit card transaction authorizes a merchant to "pull" a payment from your account, passing through financial intermediaries in the process. Firstly, cryptocurrency transactions offer increased security through the use of cryptography and decentralized networks. However, you risk incurring late fees, interest charges, foreign transaction fees , or potentially affecting your credit score when using credit cards. |
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