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How is Blockchain changing Cross Border Payments ?CBDCs enable low-cost, virtually instant settlement of both domestic and cross-border payments, reducing risk and improving the user experience. Applied to cross-border payments, blockchain networks use digital tokens as a bridging asset between fiat currencies. Banks join as nodes on the. Cross-border Payments on Blockchain. Enabling Business-to-Business and Person-to-Person payments across borders on vendor blockchain-based payment rails.
