Bitcoin empowers businesses to conduct international transactions efficiently.
Transactions are processed on the decentralized Bitcoin blockchain, eliminating traditional financial intermediaries. This therefore leads to lower fees and faster settlement times compared to conventional cross-border payment methods.
Furthermore, Bitcoin provides enhanced transparency and protection. Every transaction is recorded on the public blockchain, making it permanent. This degree of transparency strengthens trust between parties involved in cross-border payments.
Bitcoin's peer-to-peer nature also mitigates the risk of control by any single entity, making it a trustworthy option for cross-border payments.
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