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Author: Admin | 2025-04-28
Available to them. APMs can seem ubiquitous until you know that most of them operate in just a few countries.And speaking of international shopping or cross-border transfers, digital currency often has fewer fees and hurdles. Crypto transactions require a minimal amount of information and are jurisdiction-agnostic. A service provider can ask for additional identifying information for compliance purposes. Still, it won’t give them as extensive a profile as the information attached to your card and bank account.Last but not least, it can simply be a conscious choice based on one’s view of crypto and blockchain. If we want more points of purchase to accept crypto, why not be the change we want to see in the world?Cons of Bitcoin Transactions The reasons that accepting Bitcoin is not universal yet are still plenty. Ironically, most of them are the other side of the coin that makes users embark on a crypto journey.Because the transaction details are pseudonymous, unless advanced blockchain analysis is used, it is hard to tell if the funds have previously been involved in illegal activity or come from a sanctioned entity. For merchants, this presents a risk of becoming complicit in crime, so they have to filter the transfers and identify clients.Sometimes, sending crypto directly is more economical than using other payment methods but not always. If you compare it to a remittance, sure, it’s quicker and more economical to just send Bitcoin.But in an imaginary situation when you try to use it in brick-and-mortar stores, if a quicker payment option is available, waiting for ten minutes just to see the payment confirmation is not the most convenient method. There are quicker and cheaper networks but they are even less widespread and more prone to price volatility (unless you use stablecoins).And speaking of volatility, cryptocurrency prices and rates
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