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…
Bitcoin has emerged as the most attractive method for sending remittances to developing countries. Perhaps, that’s because of the rising Bitcoin adoption in developing countries like Brazil, Colombia, Kenya, Nigeria, India, Peru, and Mexico. The citizens of these countries consider Bitcoin a favorable alternate option for sending money.
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.
Crypto money laundering rises 30%, report finds
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