Global money transfer refers to the movement of funds across international borders. Traditionally, this involves banks and established financial networks. Digital assets and blockchain technology offer alternative methods for these transfers, often promising faster speeds and lower costs. This capability is particularly relevant for remittances and cross-border trade.
Context
The landscape of global money transfer is undergoing significant transformation with the advent of blockchain-based solutions and central bank digital currencies. A key discussion revolves around the efficiency and cost-effectiveness of these new systems compared to legacy financial rails. Future developments will likely focus on interoperability between different digital payment systems and regulatory harmonization.
Deploying a proprietary stablecoin on a high-throughput public ledger fundamentally re-architects cross-border settlement, reducing capital lockup and intermediation costs for the 100M+ customer base.
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