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Remittances play a massive role in the financial ecosystem today, and if your business needs to send or receive payments, it's important to understand how they work. The bitcoin money is actually an electronic signature that is encrypted with 16 distinct symbols and is decoded to complete the transaction. Only the correct digital signature will allow bitcoins to be spent. They all charged her, on average, $10 for every $200 she sent. Bitcoin is a perfect case study for the possible inefficiencies of blockchain.
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How traditional remittances work remittance refers to the money sent or transferred to another party.
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