What is the meaning of T/T payment in the context of cryptocurrency?

3 answers

• Mar 08, 2022 · 3 years ago
  T/T payment, also known as Telegraphic Transfer payment, is a method of transferring funds electronically between two parties in the context of cryptocurrency. It involves the use of traditional banking systems to facilitate the transfer. The process typically involves the sender instructing their bank to transfer a certain amount of cryptocurrency to the recipient's bank account. The recipient's bank then verifies the transaction and credits the recipient's account with the transferred funds. T/T payment is widely used in the cryptocurrency industry due to its reliability and security. However, it can be slower and more expensive compared to other payment methods such as cryptocurrencies themselves.
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• Mar 08, 2022 · 3 years ago
  T/T payment in the context of cryptocurrency refers to the transfer of digital currencies between parties using traditional banking systems. It is a popular method of payment for cryptocurrency transactions, especially for larger amounts. T/T payment offers a level of security and trust as it involves established financial institutions. However, it can be slower compared to other payment methods and may incur additional fees. It is important to note that T/T payment is subject to the regulations and policies of the banks involved, which can vary across different countries and jurisdictions.
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• Mar 08, 2022 · 3 years ago
  T/T payment is a widely used payment method in the cryptocurrency industry. It allows individuals and businesses to transfer digital currencies using traditional banking systems. The process involves the sender initiating the transfer through their bank, which then communicates with the recipient's bank to complete the transaction. T/T payment provides a level of security and accountability, as it relies on established financial institutions. However, it can be slower compared to other payment methods and may involve additional fees. It is important to consider the specific terms and conditions of T/T payment offered by different banks and cryptocurrency exchanges.
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