Bitcoin empowers corporations to conduct international transactions rapidly.
Transactions are processed on the decentralized Bitcoin network, overcoming traditional payment intermediaries. This therefore leads to reduced fees and immediate 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 reduces the risk of censorship by any single entity, making it a trustworthy option for cross-border payments.
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