Bitcoin empowers corporations to conduct global transactions quickly.
Transactions are processed on the decentralized Bitcoin blockchain, eliminating traditional banking intermediaries. This therefore leads to diminished fees and quicker settlement times compared to conventional cross-border payment methods.
Moreover, Bitcoin provides increased transparency and safety. Every transaction is recorded on the public blockchain, making it permanent. This level of transparency builds trust between parties involved in cross-border payments.
Bitcoin's distributed nature also minimizes the risk of censorship by any single entity, making it a trustworthy option for cross-border payments.
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