# Best Blockchain Payment Systems - Page 5

  *By [Brandon Summers-Miller](https://research.g2.com/insights/author/brandon-summers-miller)*

   Blockchain payment systems are used to facilitate, process, and verify transactions made on a blockchain or distributed ledger system. These tools may be designed for individuals, businesses, or financial institutions, and will have a few differing features depending on the use case. Across all uses, blockchain payment solutions allow customers to quickly and securely make transactions on a blockchain.

Companies choose to use blockchain payment solutions for a number of reasons. Some tools enable the creation of smart contracts, or protocols used to facilitate, verify, and enforce transactions. These contracts are well documented and provide a higher level of traceability. These forms of payment are also quicker than traditional tools since they do not require a financial institution and transactions can be completed across country borders with ease.

Some of the less complex and customizable blockchain payment products offer a product similar to [payment gateways](https://www.g2.com/categories/payment-gateways). The only difference here is the documentation and traceability provided by the blockchain and the simplified international payment process. These tools can also get confused with [cryptocurrency exchanges](https://www.g2.com/categories/cryptocurrency-exchanges), but those tools are not used for trading anything except cryptocurrencies such as bitcoin or ethereum.

To qualify for inclusion in the Blockchain Payments systems category, a product must:

- Be built upon on a blockchain-based platform or distributed ledger technology (DLT) system
- Process and authenticate transactions on a blockchain
- Facilitate transactions without a financial institution, bank, or other third-party verification service





## Best Blockchain Payment Systems At A Glance

- **Leader:** [BVNK](https://www.g2.com/products/bvnk/reviews)
- **Highest Performer:** [Zengo Wallet](https://www.g2.com/products/zengo-wallet/reviews)
- **Top Trending:** [Zengo Wallet](https://www.g2.com/products/zengo-wallet/reviews)
- **Best Free Software:** [Zengo Wallet](https://www.g2.com/products/zengo-wallet/reviews)




## Parent Category

[Blockchain Software](https://www.g2.com/categories/blockchain)