In our increasingly connected world, cross-border payments are essential for a global economy. These payments allow people and businesses to send money across countries, which is becoming more common every day.
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In our increasingly connected world, cross-border payments are essential for a global economy. These payments allow people and businesses to send money across countries, which is becoming more common every day. However, traditional methods of sending money internationally can be very complicated and frustrating.
That’s where blockchain technology comes in as a potential solution, and how the overseers of this tech need to ramp it up to become the frictionless solution it has long promised it would be.
The Problems with Traditional Cross-Border Payments
Currently, sending money across borders often feels like a maze. According to Sheraz Shere from the Solana Foundation.
If we were to rate them, he would give them a score of just “two or three” out of ten. Many businesses are tired of these challenges. They want a better experience, similar to using apps like Venmo, where you can…