What is the difference between Traditional V/S Crypto Banking?
There are lots of differences between the traditional and the crypto banking. some the differences include:
Digital currency affords users complete anonymity: Every time you swipe your credit or debit card, your personal information is attached, and businesses, banks and governments can use this data to track your activities but cryptobanking transactions carry no personal information (unless you add it yourself). This privacy also dramatically decreases the chances of identity theft.
Constant access to your accounts: Traditional accounts can be garnished or frozen, but since digital currency exists outside the regulations and laws that allow this to happen, its very rare to be unable to access your coins.
No fraud: Individual cryptobanking are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs
Lower fees: Traditional banks charge fees to process transactions. With digital currency being exchanged over the internet, there are usually little or no transaction fees.
Access to everyone: There are around 2.2 billion people with access to the Internet or smartphones who dont have access to a traditional exchange. For these people, the cryptobanking is perfect.
for more info visit:
https://www.aliantpayments.com/cryptocurrency-vs-traditional-money/