Why is XML a good way to transfer text-based data from one program or tool to another?

XML is a good way to transfer text-based data because it is both human-readable and machine-readable, allowing for easy interpretation and manipulation by different programs. Its structured format uses tags to define data elements, enabling consistent organization and hierarchy. Additionally, XML is platform-independent, making it versatile for data exchange between diverse systems and applications. Its extensibility allows for custom data structures, accommodating various needs in data representation.