@Reema said in Bitcoin vs. traditional transfers to India:

Yes, Bitcoin can be a beneficial option for a faster and potentially cheaper international transfer to India, and it can bypass the traditional banks and Western Union.

Considering the Indian government's uncertain regulatory stance and the RBI's historical caution regarding crypto, doesn't using Bitcoin for transfers introduce greater long-term legal and withdrawal risks compared to traditional, regulated bank channels?

Bitcoin is the fastest-growing cryptocurrency in overseas markets. How can Bitcoin change how people in India receive money abroad? Could it replace banks or businesses like Western Union in terms of speed and cost for these transfers?