Bitcoin empowers businesses to conduct global transactions quickly.
Transactions are processed on the decentralized Bitcoin network, bypassing traditional banking intermediaries. This consequently leads to lower fees and quicker settlement times compared to traditional cross-border payment methods.
Furthermore, Bitcoin provides greater transparency and security. Every transaction is recorded on the public blockchain, making it permanent. This level of transparency strengthens trust between parties involved in cross-border payments.
Bitcoin's decentralized nature also mitigates the risk of censorship by any single entity, making it a reliable option for cross-border payments.
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