What Is a Transaction? | Cryptocurrency Glossary
About Bitcoin Transfers
In daily life, we pay for goods and services, send money to family members, give them pocket money, and send cash via registered mail to celebrate events like school enrollment, graduation, or starting a new job. Similarly, Bitcoin can be used not only to pay for goods and services but also to send money to family and friends.
The process is simple: as long as the recipient has a Bitcoin address, you can send the desired amount by simply specifying that address. Bitcoin is a cryptocurrency that
can be used universally worldwide and allows for speedy transfers online.
There is no need to worry about exchange rate fluctuations or foreign exchange fees, and since banks are not involved, you can avoid the high transfer fees typically charged by banks.
This makes it quick and easy to send funds to family members living abroad or to respond to an SOS from a loved one who has run out of money while traveling overseas.
In recent years, the number of stores in Japan that accept Bitcoin payments has been increasing. For Bitcoin users, it’s convenient to use, so instead of sending cash or gift cards as gifts or for celebrations to family members or acquaintances who are Bitcoin users, you can achieve the same goal at a lower cost by sending Bitcoin.