Definition ∞ A Global Small Business refers to an independently owned and operated enterprise that conducts commercial activities across international borders. These businesses typically have fewer employees and lower annual revenue compared to larger corporations, yet they serve customers or suppliers in multiple countries. They leverage technology to overcome geographical limitations and compete in diverse markets. Their operations often involve cross-border payments, logistics, and regulatory compliance.
Context ∞ For global small businesses, digital assets and blockchain technology present a significant opportunity to reduce the costs and complexities associated with international transactions. The current state involves many small businesses facing high fees and slow processing times for cross-border payments through traditional banking channels. A key discussion revolves around the adoption of stablecoins and low-cost crypto payment rails to facilitate faster, more affordable international trade. Future developments anticipate a growing reliance on decentralized financial tools to streamline operations and expand market access for these enterprises.
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