Global B2B Payments

Definition ∞ Global B2B Payments refers to business-to-business transactions conducted across international borders. These payments involve companies exchanging funds for goods, services, or investments with other companies in different countries. Traditional global B2B payments often involve complex banking networks, multiple intermediaries, and significant processing times and fees. Digital assets and blockchain solutions aim to streamline these processes.
Context ∞ The efficiency and cost-effectiveness of global B2B payments are critical for international trade and economic growth. Blockchain technology offers a promising solution by enabling faster, cheaper, and more transparent cross-border transactions, bypassing many legacy banking hurdles. Stablecoins are particularly relevant here, providing a digital medium of exchange with price stability. Regulatory frameworks for digital asset-based B2B payments are still evolving, posing both opportunities and compliance challenges for businesses.