Can cryptocurrency support faster and cheaper global remittances?
- Submitted by 2 weeks ago
Harry Leo
Answered 2 weeks ago
Yes, cryptocurrency has the potential to significantly enhance global remittances by making them faster and more cost-effective. Unlike traditional banking systems, which can take several days and involve high fees, cryptocurrencies enable near-instant transactions across borders with minimal processing costs. Blockchain technology eliminates intermediaries, ensuring secure and transparent transfers.
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