When paying with Bitcoin, the payer and the recipient operate on the same rails, with the same currency, data formats, and protocols. This allows them to make transactions directly, no matter what country they are in. Here’s an example of how it works:
Payment Request: The payee provides the payer with a public Bitcoin address.
Initiation: The payer opens their cryptocurrency wallet and sends Bitcoin funds to the payee’s address, also paying the blockchain’s processing fee.
Broadcast: The transaction request is broadcast to users on the Bitcoin blockchain and verified by nodes to ensure the payer has enough Bitcoin to make the payment.
Block Submission: The transaction is submitted to the block and awaits confirmation by miners.
Approval: The transaction is usually approved once the verified block has been certified by enough nodes, which can take several minutes. If you use a fintech partner to process Bitcoin payments for you, your fintech partners can guarantee confirmation for you, giving you instant approval.
Settlement: The transaction is completed and recorded on the blockchain, and the payer and recipient wallet balances are updated
You can use an offshore Bitcoin wallet - this is a wallet that is not located in the same country where you are a resident, if you did not know this, you should visit the site https://www.offshorecorptalk.com/. If the Bitcoin wallet is owned by an offshore company in a country outside the country where you live, this wallet is often called an offshore Bitcoin wallet.