Let us consider an example. You pay a visit to a restaurant. You are paying the restaurant directly if you use cash. In case you use a credit or debit card, you are actually paying the institution that backs the card and then the institution pays the restaurant. Obviously, the institution deducts their fees. Contrary to this, if you are paying using cryptocurrencies, the payment is transferred directly over the blockchain network. The member of the network performs the verification process on transactions as opposed to the third-party institutions.