Cryptocurrency transactions are all peer-to-peer, meaning there is no third-party intermediary involved in the process, such as a bank or a credit card. This also means there are no third-party fees involved in cryptocurrency mining. It is much more private than fiat, as there is no way for a seller and purchaser to identify one another. Everyone can see every transaction that takes place, but no one has to share their specific identity to perform a transaction. There is no charge to keep crypto in your digital ledger, and it is less expensive to transfer money across borders. With crypto, you are able to instantly process transactions versus having to go through a days-long process like you would with fiat money.