Bitcoin empowers enterprises to conduct cross-border transactions quickly.
Transactions are processed on the decentralized Bitcoin blockchain, bypassing traditional payment intermediaries. This therefore leads to diminished fees and quicker settlement times compared to traditional cross-border payment methods.
Additionally, Bitcoin provides greater transparency and safety. Every transaction is logged on the public blockchain, making it unchangeable. This amount of transparency builds trust between parties involved in cross-border payments.
Bitcoin's peer-to-peer nature also mitigates the risk of censorship by any single entity, making it a reliable option for cross-border payments.
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