While blockchain technology is by far superior to any technology that has been in existence, there are some who still doubt the superiority of the technology. Nevertheless, one of the areas where Blockchain technology has proven very helpful is in international payments.





According to an investor who compared the cost of transactions across borders, it costs between $5 and $50 to send $100,000 in Bitcoin but costs at least $1,500 to send the same amount through Paypal. That is ignoring other shortcomings of the system such as delays.





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