What are the advantages of using digital currencies for remittance from India to the USA with Remitly?

4 answers

• Parham HashemiAug 28, 2021 · 4 years ago
  Using digital currencies like Bitcoin for remittance from India to the USA with Remitly offers several advantages. Firstly, digital currencies provide faster transaction times compared to traditional banking systems. This means that recipients in the USA can receive the funds from India quickly, often within minutes. Additionally, digital currencies eliminate the need for intermediaries, such as banks, which reduces transaction fees and allows for lower remittance costs. Furthermore, using digital currencies provides greater transparency and security, as transactions are recorded on a public ledger called the blockchain. This ensures that the remittance process is secure and reduces the risk of fraud or tampering.
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• Benson GallegosSep 28, 2023 · 2 years ago
  When it comes to remittance from India to the USA with Remitly, using digital currencies can be a game-changer. With digital currencies like Bitcoin, you can avoid the hassle of dealing with banks and their high fees. Instead, you can send money directly from India to the USA in a matter of minutes, without any intermediaries. This not only saves you time but also saves you money. Plus, digital currencies offer a level of transparency and security that traditional remittance methods can't match. So, if you're looking for a fast, affordable, and secure way to send money from India to the USA, using digital currencies with Remitly is the way to go.
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• sohail imran khanDec 23, 2022 · 3 years ago
  Using digital currencies for remittance from India to the USA with Remitly can be a smart move. Digital currencies, like Bitcoin, provide a decentralized and borderless way to transfer funds. This means that you can send money from India to the USA without any restrictions or delays. Plus, digital currencies often have lower transaction fees compared to traditional remittance methods. With Remitly, you can easily convert your Indian Rupees into Bitcoin and then send it to your recipient in the USA. It's a simple and cost-effective solution for international money transfers.
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• Learning SessionsSep 18, 2021 · 4 years ago
  At BYDFi, we believe that using digital currencies for remittance from India to the USA with Remitly offers significant advantages. Digital currencies, such as Bitcoin, provide faster and more cost-effective transactions compared to traditional remittance methods. With Remitly, you can easily convert your Indian Rupees into Bitcoin and then send it to your recipient in the USA. This eliminates the need for intermediaries and reduces transaction fees, making the remittance process more efficient and affordable. Additionally, using digital currencies provides greater transparency and security, ensuring that your funds are safely transferred to the USA.
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