It was earlier Venezuelans benefited from bitcoin and now its Palestinians turn.With no official bank and official currency,they had been suffering these uch days to transact money abroad and vice versa. But now, bitcoin has come as a blessing to them. Now they could have money transactions easily and fastly with other parts of the world. Its said that
Bitcoin, in their opinion, is cheaper, safer, and quicker,. Nothing works with Palestinian banks. Bitcoin wallets are alternative banks.
https://blockmanity.com/news/palestinians-sending-money-across-border-using-bitcoin/It's not a surprise that in a country without much of a working formal banking system, people would try to find alternatives to use in terms of storing their wealth as well as a platform to actually transact on.
Citizens in Palestine is probably just one of the many countries, including the aforementioned Venezuela, that would benefit from the adoption of bitcoin.
When an economy collapses or becomes dysfunctional, or plagued with hyperinflation, bitcoin's true values will be reflected and embraced by that society. It's good to see some practical usage of bitcoin here, and it sure does make a lot of sense for them to send cross border payment with BTC, as it is extremely convenient and much cheaper than WU or other alternatives.