Speed- The difference is after that 10 minutes, the transaction is settled. The money has moved. What you have with a credit card in 10 minutes is a promise that the money will move, possibly days or even weeks later.
The bitcoin can be moved again (spent by the receiver) after 10 minutes. Try that with money you received by a credit card payment.
This really is the fundamental difference of bitcoin- once the money has moved, it's really moved. It takes some time and thinking to appreciate how that opens things up quite a bit.
The bitcoin can be moved again (spent by the receiver) after 10 minutes. Try that with money you received by a credit card payment.
This really is the fundamental difference of bitcoin- once the money has moved, it's really moved. It takes some time and thinking to appreciate how that opens things up quite a bit.