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												 July 01, 2016, 05:18:11 AM  | 
										  
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							People use Bitcoin because, for certain transactions, its cheaper and better than the alternatives. when using Bitcoin might sense. like these way. 
  people used to live in Germany, and occasionally they will ask friends there to send them things they cant buy in the U.S. In the past, they would use Western Union to wire them money for the purchases. But if they wanted to send $100, they was slapped with a minimum fee of $5 (going as high as $25, depending on the payment method and location), not to mention Western Unions often less-than-favorable exchange rate, which further added to the cost.
  Today, people use Bitcoin to send them money. With 1 percent conversion fees on either side, that adds up to about $2 in fees for a $100 purchase.  The best part is, instead of taking three to five days, my transaction is processed in only about 10 minutes.
  perhaps Bitcoin helps tackle the problem not only by lowering the transaction fee, but also by splitting it between the customer and the merchant. For merchants, that means dropping their fee to 1 percent and improving their bottom line. For consumers, it means faster payments than cash and not having to hunt for your banks nearest ATM.
 
  
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