cross border payment

  Blockchain is one of the technologies that is poised to disrupt the way companies and individuals process financial transactions on a global scale. Though it’s increasingly common for businesses to source goods and services internationally, the cross-border payment system hasn’t changed in decades.  Each phase in the  crypto cross-border payment solution  requires time and money with the average cost of remittance. So this can be eradicated through blockchain technology.  Blockchain technology can create new faster payment initiatives, aim to reduce delays in the payment and also standardize the third party fee.  Now let us see how blockchain empowers the cross-border transaction Cost-efficiency:  Generally, cross-border payments are expensive and also banks do not have a direct connection with one another at a distance, often they need to turn to an intermediary bank to facilitate an indirect payment.  When integrated blockchain, the need for i...