Revolutionising Cross-Border Transactions with Permissioned DeFi

In 2021 alone, some $1.2 trillion in payments crisscrossed the globe. Cross-border transactions result in significant expenses for financial institutions and users. And although payments systems have improved over the years, they remain far from perfect, and payers and payees would welcome a new, less costly way of transferring funds to a different country.

Download this paper, coauthored by BCG and Fireblocks, a digital asset infrastructure provider, to learn about a new cross-border payment model based on permissioned DeFi. One that:

• Offers more flexibility for end-users who make and take payments
• Enables institutions with know your customer (KYC) verification for more control over payments
• Facilitates transactions at 60 to 80 per cent less than the cost incurred by traditional models

Download the whitepaper here