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Bitcoin Widely Used For Cross-Border Transactions Says IMF Paper

 1 week ago
source link: https://www.trustnodes.com/2024/04/23/bitcoin-widely-used-for-cross-border-transactions-says-imf-paper
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Bitcoin Widely Used For Cross-Border Transactions Says IMF Paper

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Bitcoin international capital flows, April 2024

Bitcoin international capital flows, April 2024

Bitcoin is powering at least one aspect of global commerce, capital flows, with it accounting for a significant part of some countries' GDP according to a paper by the International Monetary Fund (IMF).

"The use of Bitcoin for cross-border transactions is geographically very widespread, with relatively high intensities across regions both for off-chain and for on-chain flows," the paper says, adding:

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