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Some payments providers are also leveraging blockchain and distributedledgertechnology (DLT) to meet these needs, expediting the cross-border payment process. If the EU is to be competitive against more monolithic economies like China and the U.S., payment systems will have to become more international in scope.
Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to their suppliers. Distributedledgertechnologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments.
Rewiring the cross-border payments paradigm: Risk and security in correspondentbanking confirmation May 12 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? Yet much of the system still hinges on a half-century-old correspondentbanking model and a fragmented regulatory landscape.
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