Decentralized Payments
Decentralized payments refer to financial transactions that occur without intermediaries like banks or payment processors, using distributed ledger technologies such as blockchain. This enables peer-to-peer transfers of value directly between parties, often with enhanced security, transparency, and reduced costs. It underpins cryptocurrencies and decentralized finance (DeFi) applications, allowing for global, permissionless transactions.
Developers should learn decentralized payments to build applications in the growing fields of cryptocurrency, DeFi, and Web3, where trustless and censorship-resistant transactions are essential. It's crucial for creating wallets, payment gateways, smart contracts, and financial dApps that operate without central control, offering use cases like remittances, micropayments, and automated financial services.