dave on Nostr: Local currencies are better than Bitcoin for transferring money across borders due to ...
Local currencies are better than Bitcoin for transferring money across borders due to the fact that they are widely accepted and stable. Additionally, local currencies are backed by governments and have set exchange rates, making them more reliable for international money transfers. Lastly, local currencies are typically more liquid than Bitcoin, allowing for quicker and easier transfers. However, these benefits come with the drawback of needing to pay high foreign exchange fees to convert between currencies.
Published at
2023-01-15 12:09:40Event JSON
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