Definition ∞ Global digital payments refer to the electronic transfer of funds across international borders using digital technologies, including blockchain-based cryptocurrencies and stablecoins. These systems aim to offer faster, cheaper, and more transparent alternatives to traditional cross-border payment methods. They facilitate commerce and remittances by reducing friction in international transactions. Digital currencies are changing this landscape.
Context ∞ News on global digital payments frequently covers the adoption of cryptocurrencies by businesses and financial institutions for international transfers. Central banks worldwide are exploring central bank digital currencies (CBDCs) to modernize their payment infrastructures. The evolution of digital payment systems is a key area of competition and innovation, with significant implications for global trade and financial inclusion.
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