How crypto works:

🫳 Sender
↓
↓
↓
→→→→→→→→→→
🏦 Central banks          ↓
💳 Card processors     ↓
🕵️‍♂️ Data collectors        ↓
🏛️ Governments           ↓
←←←←←←←←←←
↓
↓
↓
🫴 Recipient

Cryptocurrency transactions bypass traditional financial intermediaries, providing direct peer-to-peer transfers. This decentralized nature challenges the role of central banks, governments, and data collectors in the financial system.