Definition ∞ Global commerce refers to the exchange of goods, services, and capital across international borders. This encompasses all economic activities that span multiple countries and jurisdictions. It is a fundamental aspect of the modern world economy, facilitating trade and economic interdependence.
Context ∞ The current discussions concerning global commerce in the context of digital assets often revolve around the potential for blockchain technology to streamline cross-border payments and reduce transaction costs. A key debate involves the regulatory challenges and the adoption of digital currencies for international trade. Future developments to monitor include the increasing integration of stablecoins and central bank digital currencies into global payment systems.
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