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The Benefits of Bitcoin- Low Transaction Fees: Cost-Effective Cross-Border Payments

Bitcoin offers relatively low transaction fees compared to traditional banking systems, especially for international payments. When sending money across borders, traditional banks and money transfer services often charge high fees, especially for smaller amounts. Bitcoin transactions, by contrast, typically have lower fees, and these fees can vary depending on network congestion.

For businesses and individuals who need to send money internationally, Bitcoin presents a cost-effective solution. As the network continues to evolve, particularly with layer-two solutions like the Lightning Network, Bitcoin's scalability and transaction speed are expected to improve, further reducing fees and transaction times.$BTC