What are the benefits of bitcoin ?

Much of bitcoin's appeal comes from the fact that bitcoins are transferred from person to person like cash, rather than using an intermediary like banks or credit card companies. Getting rid of card companies cuts out transaction fees, which can top 3 percent. Bitcoin could be a boon for cross-border remittance and in expanding e-commerce in emerging markets. A bitcoin transfer would be immediate and could theoretically eliminate all transaction fees.

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