Bitcoin empowers enterprises to conduct global transactions rapidly.
Transactions are processed on the decentralized Bitcoin network, bypassing traditional financial intermediaries. This resultantly leads to lower fees and quicker settlement times compared to traditional cross-border payment methods.
Moreover, Bitcoin provides increased transparency and protection. Every transaction is recorded on the public blockchain, making it unchangeable. This amount of transparency enhances trust between parties involved in cross-border payments.
Bitcoin's decentralized nature also mitigates the risk of control by any single entity, making it a reliable option for cross-border payments.
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