A Frictionless Cross Border Payments - Realization of Blockchain Potential
Every business aims for global reach. In that case, all the mission-driven business processes need money exchanged across borders. Cross-border payments are defined as funds paid /receive between two participants who are located in different countries and performing remittances to finish the business deals. You can see cross-border payments are operated in Financial sectors, Ecommerce, Education, Medical, etc. The surge of blockchain cross-border payments helps the business to thrive worldwide and retrieves tremendous profits. However, it delivers massive benefits, gets disrupted by the many intricacies. Many experiments are conducted with the latest technologies to eliminates the challenges and make seamless global payments. They realize the massive potential of blockchain technology would help in all aspects to achieve credible cross-border payment systems. Cross Border Payment Methods: Before get into blockchain based system, let’s see different modes of payments...