Bitcoin is undoubtedly an attractive option for sending remittances overseas. Using this virtual currency to send funds overseas enables users to avoid the high costs of money transfer companies and traditional banks. People around the world send money to their loved ones abroad regularly. The World Bank estimated remittances to hit the $550 billion mark…
People around the world send money to their loved ones abroad regularly. The World Bank estimated remittances to hit the $550 billion mark that year. Despite the decline in overseas transfers due to the COVID-19 pandemic, they proved their resilience by increasing to $540 billion in 2020. What’s more, acquiring Bitcoin is a straightforward process. As long as you own a smartphone and can access a stable internet connection, you can purchase Bitcoin on a digital crypto exchange. And you don’t incur unnecessary expenses when buying or using Bitcoin. Additionally, you can send Bitcoins to your loved ones anytime, anywhere.
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