International Payments

Definition ∞ International Payments are financial transactions that occur across national borders, typically involving different currencies and banking systems. These transfers often involve multiple intermediaries, leading to varying costs, speeds, and transparency levels. Digital assets and blockchain technology offer new avenues for improving these cross-border transfers.
Context ∞ News frequently covers International Payments in the context of blockchain’s potential to revolutionize global finance. Reports highlight how digital assets can facilitate faster, cheaper, and more transparent remittances and business transactions compared to traditional methods. This area is a significant driver for innovation and adoption within the digital asset ecosystem.