The main difference among an electronic payment system and cryptocurrency is not having a(n)____ between the sender and receiver.
A)payment obligation
B)e-commerce relationship
C)third party such as a bank or a financial institution
D)set value for the payment

Question

Quizplus · Accepted Answer

The main difference between an electronic payment system and cryptocurrency is the absence of a third party, such as a bank or financial institution, acting as an intermediary between the sender and receiver. Cryptocurrencies operate on a decentralized network using blockchain technology, allowing direct transactions without the need for a central authority.

The Main Difference Among an Electronic Payment System and Cryptocurrency