Centralized: Traditional banks (e.g., Chase, HSBC) or payment networks (PayPal, Visa) control accounts, approve transactions, and can freeze funds.
Decentralized: Cryptocurrency networks (e.g., Bitcoin, Ethereum) allow peer-to-peer transfers governed by code rather than a middleman.
"I'm a huge fan of Elon Musk. I think he's got the most incredibly forward-thinking ideas about where we can go technologically. What he's done, nobody else has ever done."
Morgan Freeman