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 Bitcoin 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?
