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International payments currently form a significant portion of the global financial landscape. encounter challenges such as high fees, slow processing times, and narrowed accessibility. Blockchain technology and cryptocurrencies are poised to transform this sphere, offering a faster and open alternative for international payments.
- Digital assets including
- , Additionally blockchain technology's inherent verifiability can minimize the risk of fraud and alteration in international payments.
Bitcoin, Ethereum, and stablecoins offer the possibility to enable cross-border payments with lower fees, quicker settlement times, and increased accountability.
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