What are the advantages of using digital currencies to send money to a mobile number?

3 answers

• Rhey Victor MacayranApr 28, 2024 · a year ago
  One of the advantages of using digital currencies to send money to a mobile number is the speed and efficiency of the transaction. With traditional banking systems, it can take several days for a transfer to be completed. However, with digital currencies, the transaction can be completed within minutes, regardless of the recipient's location. This makes it a convenient option for both domestic and international transfers.
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• McNally SheppardFeb 18, 2025 · 6 months ago
  Another advantage is the lower transaction fees associated with digital currencies. Traditional banking systems often charge high fees for international transfers, especially for small amounts. In contrast, digital currencies typically have lower transaction fees, making it a cost-effective option for sending money to a mobile number.
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• b3d012May 29, 2021 · 4 years ago
  At BYDFi, we believe that using digital currencies to send money to a mobile number offers greater financial inclusion. Many people around the world, especially in developing countries, do not have access to traditional banking services. However, most of them have access to mobile phones. By enabling them to receive money directly to their mobile numbers, digital currencies can help bridge the financial gap and provide financial services to the unbanked population.
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