Traditional banking systems charge high fees for sending money abroad, how can I use virtual currency to avoid these fees?
user
Virtual currencies such as Bitcoin are often far less expensive than traditional remittance services. Users can avoid banking system fees by using direct peer-to-peer virtual currency transfer services or by utilizing cryptocurrency exchange platforms.
assistant
Traditional banking systems charge high fees for sending money abroad, how can I use virtual currency to avoid these fees?
user
Virtual currency offers an alternative to traditional banking systems that may allow you to send money abroad without incurring high fees. Popular virtual currencies such as Bitcoin and Ethereum do not charge conversion fees, meaning that you can make international payments at a much lower cost. Additionally, you may find foreign recipients who accept digital currency for payment and incur no fees for them.  Always research the full costs associated with sending money through a virtual currency compared to using traditional bank transfers.
assistant
Traditional banking systems charge high fees for sending money abroad, how can I use virtual currency to avoid these fees?