Post
Topic
Board Bitcoin Discussion
Re: The Global Impact of Bitcoin Remittances
by
milewilda
on 24/01/2024, 17:20:38 UTC
BTC is great for payments, you can use it to make payments in a secure way and also privately, all you need is to have an address for receiving and sending BTC to any part of the world. However, tx fees is a problem right now, with high tx fees it is almost impossible to use BTC as a payment option due to the amount you will have to spend in fees, though if you are making payments of a huge amount, or cross-border payments, then BTC is a good option for that.
This!

Its not bad on being optimistic about its utility on which it is really something that could make out those crossborder payments without any needing on touching 3rd party on which simply into its p2p transactions.
The only main issue on here on which if the network is clogged then fees is really that mainly affected on which you would really be paying up more than on what you could be able to pay up
with those money remitances on which this is the only problem that i could see on why it cant really be able to fully integrate.

Plus, we should really consider out that legal issues and regulations isnt something welcome on  every country on which it would really be just that normal that it cant
really be integrated or would really be accepted. This is why it wont really be that shocking that there would really be some sort of blockage or ban.
For now then just let it be on how it should be.  Wink