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3) It is easier and with the advancement in the internet technology, transactions can be closed quicker due to the ease in the transfer of information:

We are in an era where the means of communication has advanced from the use of mobile phones to internet enabled devices. This has reduced cost drastically with respect to transactions such that the exchange of information can be done by emails or faxes. Also parties involved can simply use video calling in their different locations instead of having to travel from other places, states or even countries. As long as documents are verified by the appropriate authority, transactions which could take months can be closed within a day.