Remove Correspondent Bank Remove Distributed Ledger Technology (DLT) Remove Global Payments
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 World Bank Sees DLT Potential For Cross-Border Transactions

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The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions.

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 Visa B2B Connect Goes Global

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The transactions between businesses are done on an account-to-account basis, as opposed to using the existing correspondent banking network — which, of course, relies on intermediaries.

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Why Cross-Border Payments Still Present Challenges

PYMNTS

According to the latest Smarter Payments Tracker , global payment usage is at an all-time high. So, why do cross-border payments present so many challenges? Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process.

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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

These shortcomings make the cross-border payment industry ripe for disruption and innovation. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change. By way of concrete examples, the authors cited xRapid.