1. Sending Internationally
Banks and services like Wester Union charge the customer with a transaction fee for every international transaction. These fees can be as high as 20% depending on the service, and for those who need to send money regularly or in large amounts, this can add up quickly. Not only that, these transfers can take days to complete. Bitcoin transactions happen immediately and only incur a 1% transaction fee. Because of this, Bitcoin continues to gain popularity with those who need to send money internationally, such as foreign exchange students and immigrants with family abroad.
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