Another advantage is instant or near instant settlement / clearance time compared to fiat. (slaw.ca)
For instant settlements in case of flight delays and cancellations, Bajaj Allianz General Insurance has launched a feature, called Travel Ezee, as part of its travel insurance offering. (business-standard.com)
RTGS, or Real Time Gross Settlement, offers instant settlement of the transferred funds into the beneficiary's account (in any Indian bank). (policybazaar.com)