Why Use Bitcoin?

Bitcoin was originally created as an alternative decentralized payment method. Unlike international bank transfers at that time, it was low-cost and almost instantaneous. Additional benefits for traders (which are lacking for users) are irreversible, eliminating the threat of expensive returns.

However, the increase in domestic payment methods and the rapid development of alternative (non-cryptocurrency) forms of international transfers have reduced the benefits of bitcoin in this field, especially given the increased costs and frequent network barriers.

In addition, increased supervision and regulation to prevent money laundering and illegal transactions have limited the use of cryptocurrency for privacy reasons.

In some parts of the world, bitcoin is still a more efficient and cheaper way to transfer money across borders, and some money-sending startups utilize this feature. However, the cost and speed advantages of Bitcoin are being eroded when traditional channels improve (and network costs continue to increase), and liquidity remains a problem in many countries.

Also, a number of large and small retailers accept cryptocurrency as a form of payment, although reports show that demand for this function is not high.

And many people feel more comfortable holding a portion of their wealth in securely stored bitcoin, where central authorities cannot block access or cut.

Recently, bitcoin seems to have taken on the role of investment assets, because traders, institutional investors and small savers have built up with potential profits from price appreciation.

According to some sources, bitcoin is increasingly being used for money laundering. But we know you won't do that. After all, bitcoin is not, as is generally believed, a good vehicle for money laundering, withdrawal of money or funding of terrorism, because bitcoin can be traced and transparent - as a series of arrests recently can prove.
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