How can cryptocurrencies help reduce fees for international ATM transactions?

3 answers

• mihaul d'athSep 10, 2021 · 4 years ago
  One way cryptocurrencies can help reduce fees for international ATM transactions is by eliminating the need for currency conversion. With cryptocurrencies, users can make direct transactions without the need to convert their money into different currencies, which can often incur high fees. This can result in significant cost savings for users when withdrawing cash from international ATMs.
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• Martens HolcombJun 10, 2024 · a year ago
  Another way cryptocurrencies can reduce fees for international ATM transactions is by bypassing traditional banking systems. Cryptocurrencies operate on decentralized networks, allowing users to send and receive funds directly without the involvement of intermediaries such as banks. By cutting out these intermediaries, transaction fees can be significantly reduced, resulting in lower costs for users.
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• Rajesh S Rajesh SOct 12, 2020 · 5 years ago
  At BYDFi, we believe that cryptocurrencies have the potential to revolutionize the way we handle international ATM transactions. By leveraging blockchain technology, cryptocurrencies can provide secure and transparent transactions, eliminating the need for costly intermediaries. This can lead to reduced fees and faster transaction times, ultimately benefiting users who frequently travel or make international withdrawals.
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