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11/16/2024 3:44:14 PM (GMT+1)

How does cryptocurrency help in international payments?

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Cryptocurrency is becoming an important tool for international transactions, providing fast, secure, and inexpensive transfers between countries. Traditional banking systems are often associated with high fees and long waiting times, especially when transferring between different currencies. Meanwhile, cryptocurrencies allow transactions to be carried out almost instantly, bypassing intermediaries such as banks and payment systems. This process is not dependent on geographical boundaries or government regulations, which significantly simplifies international business operations and makes them more accessible to everyone.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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