CryptoLegend
Tue Aug 06 2024
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6 answers
1234
What is a cross-border crypto payment & how does it work?
Could you please explain what a cross-border crypto payment is and how does it operate? I'm curious to understand the mechanics behind this innovative financial transaction method and how it differs from traditional cross-border payments. Additionally, I'm interested in knowing the benefits and potential challenges associated with using cryptocurrency for cross-border transactions.
ZenMindful
Tue Jul 09 2024
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5 answers
1331
What are bitcoin cross-border payments?
Could you elaborate on the concept of Bitcoin cross-border payments? I'm interested in understanding how they work and what advantages they offer over traditional payment methods. Specifically, how do bitcoin cross-border payments facilitate transactions between individuals or businesses in different countries? Do they eliminate the need for intermediaries like banks, and if so, how does this reduce costs and transaction times? Also, is there any risk associated with using bitcoin for cross-border payments, and if so, how can these risks be mitigated? I'd appreciate a concise yet comprehensive explanation of the concept.
