Well, my friend, that's a great question. One of the primary goals of Bitcoin and other cryptocurrencies is to eliminate the high fees typically associated with traditional financial institutions, such as PayPal.
When you use Bitcoin to make a payment, there are no middlemen charging exorbitant fees for their services. Instead, you can transact directly with the other party, cutting out any unnecessary costs.
This can be particularly powerful in cross-border transactions, where traditional financial institutions may charge egregious fees and subject you to long wait times. With Bitcoin, you can send and receive payments nearly instantaneously, and for a fraction of the cost.
Of course, as with any emerging technology, there are still some hurdles to overcome, such as scalability and user-friendly interfaces. However, I strongly believe that Bitcoin and other cryptocurrencies have the potential to fundamentally shift the global financial landscape, making it more accessible and equitable for everyone.
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