Bitcoin empowers enterprises to conduct cross-border transactions rapidly.
Transactions are processed on the decentralized Bitcoin network, overcoming traditional payment intermediaries. This resultantly leads to diminished fees and faster settlement times compared to traditional cross-border payment methods.
Additionally, Bitcoin provides greater transparency and protection. Every transaction is documented on the public blockchain, making it permanent. This amount of transparency enhances trust between parties involved in cross-border payments.
Bitcoin's distributed nature also mitigates the risk of control by any single entity, making it a dependable option for cross-border payments.
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