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@@ -16,8 +16,12 @@ Think about a world where a freelancer in Bali can receive payment from a client
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This isn't a far-off dream – it's the reality that Ethereum is building today. Traditional institutions have had their moment in the limelight but despite the time spent building, their innovations have not evolved past a certain stage. Ethereum on the other hand is a platform that is changing how money is handled in the 21st century. It is redefining the very concept of financial transactions.
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## Remittances: cheaper international transfers {#remittances}
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For millions of people working abroad, sending money back home is a regular necessity. Traditional remittance services often come with high fees and slow processing times. Ethereum offers a compelling alternative.
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The result of this? Over $6 million was raised in a matter of days, as tracked by a [Dune](https://dune.com/davy42/turkiye-earthquake-donations) Analytics dashboard.
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There were also similar response times for tragedies that happened in India and Ukraine. This rapid response highlights a crucial advantage of Ethereum payments, which is the ability to quickly mobilize global support without the hurdles of currency conversion, lengthy bank transfers, or exorbitant fees.
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## Ethereum vs fiat {#ethereum-vs-fiat}
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To truly appreciate the impact of Ethereum payments, it's worth comparing them to traditional fiat currencies:
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- Individuals to keep track of their financial activities
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With Ethereum, everyone can see how money moves and how costs are implemented, unlike traditional organisations where most of these remain unknown.
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While fiat currencies have the advantage of widespread acceptance and stability, Ethereum offers unique benefits that make it an attractive option for certain types of transactions.
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