Bitcoin has several potential use cases in the realm of remittances and cross-border payments due to its unique qualities. Here are some examples:
Lower transaction fees: Bitcoin transactions typically have lower fees compared to traditional remittance services, making it a cost-effective option for sending money across borders.
Faster transactions: Bitcoin transactions can be processed quickly, often within minutes, allowing for faster cross-border payments compared to traditional banking systems that can take days to clear.
Increased financial inclusion: Bitcoin can provide access to financial services for individuals in regions where traditional banking infrastructure is limited or inaccessible, enabling them to participate in the global economy.
Security and transparency: The decentralized_
