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September 10, 2025Advances in Economics Management and Political Sciences

The Application and Challenges of Blockchain Technology in Cross Border Payment Systems

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XQXiaojun Qin

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Overview

Analysis shows blockchain technology can enhance transparency and reduce costs in cross border payments, suggesting transformative potential amidst regulatory challenges.

Key Points

  • Blockchain technology can significantly enhance transparency in cross border payments, potentially revolutionizing this domain.
  • By streamlining payment processes, blockchain can reduce intermediary costs and improve compliance across international transactions.
  • Regulatory fragmentation and technological limitations pose substantial challenges to large-scale adoption of blockchain solutions.
  • Future empirical research is needed to evaluate the performance and scalability of blockchain systems in real-world scenarios.

Cite This Study

Xiaojun Qin (2025) studied this question.

synapsesocial.com/papers/68c1a12d54b1d3bfb60dc299https://doi.org/10.54254/2754-1169/2025.cau25655
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