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Explain it like a bankFlips every card at once

Turning crypto back into ordinary money in a bank account or on a card. Getting out matters as much as getting in, and it is where thin services quietly fail.

What you already know this as

Withdrawing from a payment app back to your bank.

Reading public blockchain data to trace flows and assess risk. Because the ledger is public, this is considerably easier than the equivalent in banking.

What you already know this as

Transaction monitoring, except the analyst does not need a subpoena to see the data.

On-chain transfer

also called transaction, transfer, tx

Moving value directly on a blockchain, from your wallet to theirs, with no bank in the middle. It settles in one step, and once it is final it stays final.

What you already know this as

A wire or an instant payment, except settlement and messaging are the same event rather than two systems reconciling afterwards.

Turning ordinary money into crypto, using a card, a bank transfer or cash. It is the first step for most people and usually the most heavily regulated one.

What you already know this as

Topping up a payment app from your bank account.

The link between a smart contract and facts from outside the chain, such as prices or exchange rates. A contract is blind to the outside world without one.

What you already know this as

A market data feed wired into a trading or risk system.

The live list of buy and sell offers on an exchange. The best bid and best offer meeting in the middle is the price.

What you already know this as

The same order book, on the same principle, as any stock exchange.

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