A global payments network facilitates the transfer of funds across international borders between various entities. In the context of digital assets, this refers to systems leveraging blockchain technology to enable rapid, low-cost cross-border transactions, often bypassing traditional correspondent banking routes. These networks can utilize stablecoins or native cryptocurrencies to settle payments efficiently, reducing intermediaries and associated fees. The goal is to provide a more accessible and streamlined infrastructure for international value exchange.
Context
The aspiration to establish a truly efficient global payments network is a primary driver for many blockchain and digital currency projects, including central bank digital currencies. Debates often involve regulatory harmonization, interoperability between different blockchain systems, and addressing anti-money laundering concerns. News reports frequently discuss initiatives and partnerships aimed at modernizing international payment rails using digital assets.
The Kinexys platform extends its DLT-based payment rails to enable 24/7, near real-time transactional foreign exchange, optimizing global working capital.
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