Bitcoin's practical application in cross-border payments has gained traction but remains partially validated. Its decentralized nature enables fast, low-cost transfers, bypassing intermediaries like banks, which is ideal for remittances and B2B transactions. Recent developments show growing adoption: over 15,000 businesses, including Microsoft and Starbucks, accept Bitcoin, with 44% of surveyed corporations using it for cross-border payments. Stablecoins like USDC complement Bitcoin by reducing volatility, enhancing its appeal. However, challenges persist—Bitcoin’s price fluctuations, scalability issues, and regulatory uncertainties limit widespread use. Blockchain solutions like Solana and Ripple offer faster alternatives, processing transactions in seconds. While Russia and EU firms explore Bitcoin for cross-border trade, its energy-intensive proof-of-work mechanism raises environmental concerns. Validation is ongoing, 0 reply
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