The use of cryptography in international trade increases.
- When trading, bit coins are used instead of US dollars.
- Why? Significant fees and complex procedures currently exist
- Cryptocurrency reduces the role of intermediaries such as banks.
- For example, the cost savings can be effectively utilized by repairing oil tankers
- People prefer essentially cheaper than expensive ones
- There is no need to pay a high price for remittance services in trade.
- Cryptocurrency is definitely advantageous in terms of procedure, price and speed.
- The fee for the bit coin transfer is not proportional to the amount of money but is proportional to the size of the data.
- Therefore, even if you transfer a large amount, the commission still ranges from $ 10 to $ 20.
- These fees are burdensome in everyday life, but they are very low in the trade industry.
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