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The Portable Document Format or PDF is a widely used file format used for business documents because you can access them from any device. It will keep the same layout no matter you open it on Mac computer or an Android phone.
The next key reason is security: PDF files are easy to encrypt, so it's risk-free to share any confidential data with them. When using an online solution to store documents, you can track a viewing history to find out who had access to it before.
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