What enables users to send cryptocurrency globally without requiring a bank account?

The correct answer is stablecoins because they are a type of cryptocurrency that can be used for transactions without the need for a traditional bank account. Stablecoins are designed to maintain a stable value by pegging them to a reserve asset, such as a currency like the US dollar, or other commodities. This stability makes them more reliable for everyday transactions and enables users to send and receive payments globally.

Unlike traditional banking services, which typically require customers to have an account with a bank, stablecoins can be traded and exchanged on cryptocurrency networks. This allows individuals without access to banking infrastructure to engage in global transactions, thereby promoting financial inclusion.

Central bank digital currencies represent a digital form of a country's official currency, but they are often still intended to be integrated within existing banking systems. Similarly, exchange-traded commodities refer to physical goods traded on exchanges and do not pertain to the transfer of digital currencies directly for personal transactions. Thus, stablecoins stand out as a vital innovation in the realm of digital payments, making it easier for users around the world to transact without relying on traditional banking systems.