As I widen my quest for knowledge on Bitcoin and the entire blockchain network, I discovered that Bitcoin has destroyed the rule of the third party. Transactions have been made easy my personal experience made me discover that Bitcoin is the perfect payment gateway for companies and business for flexible payments across borders.
It's generally hard for me to send money or recieve money overseas since my family and my boyfriend both are living in different countries as well. So from my personal experience, I usually try and use Bitcoins as a method of payment or as a method of transfer if I have to. The reasons are as follows :
1. It's takes less time as compared to other international bank transfers
2. You don't have to pay excessive fee
3. You can also do lightning, transactions which might be instant or even choose priority one's from the segWit.
4. You don't need any third parties and you don't have to pay exchange rates of the banks as well
It generally takes like 3 hours for a normal transaction and when we are talking about using banks, it would generally take around 2-3 days, sometimes it will bounce back as well which is quite annoying n
