Post
Topic
Board Bitcoin Discussion
Re: How do crypto gateways compare to traditional methods in security & efficiency?
by
passwordnow
on 21/09/2023, 10:05:40 UTC
In your opinion, we'd like to hear your thoughts on how crypto payment gateways stack up against traditional payment methods in terms of security and efficiency.
If we're going to be in detail about the payment gateway as is for Bitcoin. We can fairly say that it is highly secured because transactions that do happen on it are hard to reverse and its confirmation will be done and made through the miners.

Do you believe cryptocurrencies offer a more secure and efficient way of conducting transactions, or do you think traditional methods still have the upper hand? Share your insights and experiences to help us gain a broader perspective on this evolving landscape.
As for the other cryptos, we've seen reports and news that many of them have been 51% attacked and hacked. And to be fair for the traditional payment systems, they also have their own bad days but I think if we're going to compare them. It is that the traditional ones are more trusted by many because there will be an accountable company if ever something messed up.