Giulia
Sat Jul 06 2024
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7 answers
1461
How does bitcoin impact global remittances & cross-border payments?
As a financial professional with a keen interest in cryptocurrencies, I'm curious to delve deeper into the question: How does <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> impact global remittances and cross-border payments? Bitcoin, a decentralized digital currency, has disrupted traditional financial systems and raised questions about its role in international transactions. Could it potentially lower costs and speed up transactions for individuals and businesses sending money across borders? Or, does its volatile nature and regulatory challenges pose risks? Understanding Bitcoin's impact on global remittances and cross-border payments is crucial for both policymakers and financial institutions. So, how exactly is Bitcoin changing the landscape of international money transfers?
Daniele
Fri Jul 05 2024
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6 answers
964
Can crypto be used for cross-border payments?
Can digital currencies really serve as an efficient and cost-effective means for cross-border payments? With the rise of blockchain technology and the proliferation of cryptocurrencies, the question of whether they can facilitate seamless transactions across international borders has gained significant attention. While traditional payment methods often involve high fees, slow processing times, and complex regulatory frameworks, cryptocurrencies promise to offer a decentralized, secure, and cost-saving alternative. However, are there any inherent challenges or limitations that could hinder their widespread adoption for cross-border payments? Furthermore, how do the various regulatory landscapes and compliance requirements in different countries impact the usability of crypto for such transactions?
JejuSunrise
Sat Jun 08 2024
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7 answers
1749
Is XRP halal or haram?｜Ripple (XRP): Despite some controversy surrounding its centralization, due to its utility in facilitating cross-border payments. Monero (XMR): A privacy-focused cryptocurrency that provides anonymous transactions, deemed halal by some scholars.XRP is often considered halal
Could you clarify for me whether XRP is categorized as halal or haram? I've heard that Ripple, the company behind XRP, has faced some controversy over its centralization, but it's also praised for its efficiency in facilitating cross-border payments. On the other hand, Monero, which is known for its privacy-focused features and anonymous transactions, is deemed halal by certain scholars. Given this information, how does the community generally view XRP in terms of its religious compliance?
