How does technology facilitate cross-border transactions? 🔊
Technology facilitates cross-border transactions by providing secure and efficient payment solutions that accommodate different currencies and regulations. Advances in fintech have made it easier for businesses to process international payments, reducing transaction times and fees. Technologies such as blockchain enhance security and transparency, while online platforms enable smooth communication between parties. By simplifying the complexities associated with global transactions, technology plays a crucial role in enabling businesses to expand their reach internationally.
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