Overseas remittance
Overseas remittance

Overseas remittance

An overseas remittance is a process by which funds are sent from a domestic financial institution to another institution abroad.

Financial institutions, such as banks, charge processing fees and exchange fees of at least a few thousand yen for these transactions. The process is further complicated by the fact that it takes a few days for the recipient to receive the funds.

Bitcoin is only issued through mining and, when it is newly issued, it is given to the successful miners as a reward.