Blockchain has emerged as a one-stop solution to improve the overall efficiency of cross-border payments. A cross-border payment solution developed with a blockchain platform like Stellar can ensure that financial services reach people with limited to nonexistent banking services. These include interconnections between domestic payment infrastructures, expansion of closed-loop proprietary systems across borders, and peer-to-peer payment systems based on blockchain.
The article aims to discuss why we trust the stellar network as the foundation of radically modernized payment infrastructure. The article sheds light on answering some of the following interesting questions revolving around Stellar’s adoption in cross-border payments.
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