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Day by day people and various organizations are getting involved with digital assets and transactions hence the demand for cross-border payments is increasing day by day.  The reason for this is that the demand for cross-border payments is increasing day by day due to the rise of blockchain technology and decentralized finance and the web-3 ecosystem.  Cross border payment is a system that involves multiple intermediaries and high transaction fees and is time consuming.  However, nowadays the advent of ledger technology and blockchain technology is making this process much easier and also speeding up the payment process using encryption technology. 

![business-7304257_1280.jpg](https://files.peakd.com/file/peakd-hive/kawsar8035/23w2o7eSDUhKCZrwQJGGkdLERUD9H79refx6Pd2RdULNoUbyNdX1Vv9i9fDmzBxwBLcFt.jpg)

[source](https://pixabay.com/photos/business-smartphone-hands-7304257/)

# Blockchain cross-border payments 



Nowadays the advent of blockchain technology has made the transaction process easier and transactions are being done through it.  It is a process that uses blockchain to complete transactions between parties in different countries.  Such transactions are then known as blockchain cross-border payments.  Banking and financial institutions facilitated cross-border payments with the help of intermediaries though this involved a complex network.  This was complicated by the involvement of correspondent banks and clearing houses, as well as high transaction fees, long processing times for such transactions.  Even such payment systems were associated with opaque processes.  


But the advent of blockchain technology has made the payment system transparent and reliable with less time and less transaction fees.  For example, blockchain-based cross-border payments aim to eliminate intermediaries during transactions, reduce transaction costs, and increase transaction speed and security. So that people can make payments easily without intermediaries in a short time and at a low cost.  And that's why today's blockchain-based cross-border payments are enabling fast payments for business-to-business and person-to-person blockchain transactions.  In the field of international money transfer, people are now able to complete such transactions very easily using this technology and enjoy such benefits from it.



# How cross-border payments work with blockchain technology! 



As we know, Blockchain uses a decentralized and secure nature.  As it is decentralized it can complete payments without intermediaries.  Blockchain-based cross-border payments facilitate transactions between participants in different countries using different currencies.  This elimination of process intermediaries results in transparent, instant transactions.  The benefits of blockchain-based cross-border payments are superior to other payment facilities due to the innovation of blockchain- and ledger-based technologies.  For example, cross-border payments have many advantages over other traditional transnational payment and settlement architectures.  Such transactions apply based on predefined rules.  No intermediary is required for this.  So it makes transactions easy. 

# Conclusion

Blockchain Based Cross Border Payment It plays an important role in cross-border payments through the use of blockchain technology.  In particular, blockchain cross-border payments are very important as an alternative to traditional payment systems that we often see such as banks or other fields.  Its main objective is to offer lower transaction fees and without middlemen as well as to provide better convenience to people or organizations by increasing efficiency and improving the security of transactions.  This has significant implications for both businesses and consumers alike, offering faster, cheaper and more secure transactions.  Most importantly, the incorporation of blockchain technology with cross-border payments will make such payments play an increasingly important role in the future.











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