Cross Border Payments Settled via Bitcoin Increase Almost Tenfold in 2016
While Bitcoin as a global currency still continues to receive heavy criticisms due to its inability to process small payments, it remains as one of the very few currencies that is able to secure international remittances and transactions. At the same time, for years, Bitcoin’s ability to process secure and low cost cross border payments has been significantly underrated and undervalued. With Barry Silbert-led Digital Currency Group’s (DCG) investment in 18 Bitcoin exchanges, Bitcoin infrastructure in most regions is rapidly developing. According to DCG, the monthly volume of cross-border....
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