Streamlining Cross-Border Payments: The Blockchain Solution

Rachana Saha

Despite a US$290 trillion market, cross-border payments face inefficiencies and high fees due to legacy systems.

Businesses turn to blockchain solutions to streamline transactions and cut costs.

Challenges in B2B payments include compliance issues and high failure rates.

Blockchain offers advantages like high throughput and low fees for cross-border transactions.

Adoption of cryptocurrencies faces regulatory hurdles, but partnering with FinTechs and educating stakeholders can help.