There are more than 900 cryptocurrencies available over the internet as of 11 July 2017 and growing. Cryptocurrency is a form of electronic money, token to which we assign value and is as liquid as normal fiat currencies. Bitcoin, Litecoin, and altcoins we always talk about are all cryptocurrencies. Comparing with regular currencies, Cryptocurrencies use cryptographic techniques to make transaction anonymous and cannot be reversed which makes users feel safe and secure. There are still many other reasons to prove that cryptocurrency is better than other forms of payment.
Cryptocurrency VS Cash: Cash is the leading payment instrument measured in terms of transaction volume, well ahead of debit cards and credit cards. However, cash is heavier, dirtier, easier to steal, and easier to forge than cryptocurrency.
Cryptocurrency VS Checks: With the financial world becoming increasingly more automated, check payments are steadily losing in popularity to other forms of payment. It takes time to write, process and clear. Also check can be easily stolen and it offers very little protection for the consumer or recourse when fraud occurs.
Cryptocurrency VS Credit card/Debit card: Credit card/Debit card is similarly less appealing in comparison to cryptocurrency because they can be hacked or stolen costing you thousands. Besides, you cannot avoid to pay annual fee, transfer fee, cash advance fee, late payment fee and many other different fees if you use a credit card/debit card. However, using cryptocurrency can make you avoid most of these fees.
With cryptocurrency you can send money directly to anyone in the world, and it clears in minutes without high transaction fee. You don't need to wait for banking system's traditional verification & clearing processes which usually take a number of days anymore.
With all of these reasons, you can see that cryptocurrency is much better than other forms of payment.